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India April inflation seen rising to 3.8% as fuel costs bite Reuters poll says
Economy
Published on 8 May 2026
Fuel and LPG from the US Iran shock
India’s retail inflation is forecast to climb to 3.8% in April from 3.4% in March, driven by higher fuel and LPG costs tied to the US Iran conflict, a Reuters poll says. Food inflation is expected to stay relatively soft, keeping the rate near the RBI’s 4% target, but high crude and a potential weak monsoon may lift prices later. Wholesale inflation could rise to 4.4%.
- Retail inflation expected at 3.8% in April, up from 3.4%
- Fuel and LPG price hikes linked to US Iran tensions are a key driver
- Soft food inflation may keep inflation near the RBI 4% target for now
- High crude and weak monsoon risks point to further upside pressure
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times