Crisil says India's wholesale inflation jumps to 8.3% in April
NewsBytes | May 16, 2026 1:39 PM CST
Crude oil inflation surges to 88.1%
Energy prices have gone wild: crude oil inflation soared from -1.3% to a whopping 88.1%, and furnace oil and natural gas aren't far behind.
Crisil expects retail inflation to average around 5.1% this fiscal year (up from just 2% last fiscal), especially if El Nino messes with food crops.
Basically, higher costs for essentials could be sticking around for a while, so don't be surprised if your grocery bill goes up soon.
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