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India’s retail inflation is expected to have moved above the Reserve Bank of India’s (RBI) medium-term target of 4 per cent in June, marking the first such instance in 16 months, according to a Reuters poll of economists. Rising food and fuel prices, geopolitical tensions, and concerns over the monsoon are seen as the main factors pushing up consumer prices. The consumer price index (CPI), the country’s key measure of retail inflation, is projected to rise to 4.3 per cent in June from 3.93 per cent in May, based on a Reuters survey of 37 economists conducted between July 3 and July 9.