Retail inflation jumps to 4.38% in June; breaches RBI's 4% target

India's retail inflation rose to 4.38 per cent in June, up from 3.93 per cent in May, as higher food prices pushed up the overall Consumer Price Index (CPI), according to provisional data released by the ministry of statistics and programme implementation (MoSPI) on Monday.Food inflation, measured by the Consumer Food Price Index (CFPI), also accelerated to 5.32 per cent in June from 4.78 per cent last month. Rural areas continued to experience higher inflation than urban centres, with retail inflation at 4.74% compared with 3.92% in cities.Food items, jewellery keep inflation elevatedAmong individual items, ginger recorded the sharpest increase in prices, with inflation at 50.41 per cent year-on-year. Tomatoes also remained expensive, with prices up 31.92 per cent, while raisins registered 20.52 per cent inflation.