India CPI reaches 4.45% as below-average rainfall and prolonged geopolitical tensions continue to mount pressure on supply chains: PHDCCI

India’s retail inflation based on the Consumer Price Index (CPI) rose to a 19-month high of 4.45% in July 2026, up from 4.38% in June 2026. According to the PHD Chamber of Commerce and Industry (PHDCCI), below-average monsoon rainfall and lingering global geopolitical strains are actively squeezing supply chains, driving domestic input and logistical costs…