India's retail inflation climbs to 3.48% as food prices jump
NewsBytes | May 12, 2026 8:39 PM CST
Weaker monsoon and high oil prices
Unpredictable weather and expensive energy are making things pricier.
The weather department says the monsoon might be weaker this year, and a possible Super El Nino could hurt crops and food supply.
On top of that, oil prices are still high: India paid an average of $105 per barrel in May, way above FY26's average of $77.
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