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Mint Quick Edit | India’s inflation incline could put rate hikes back in RBI’s policy consideration set
India's inflation is rising, hitting a 13-month high of 3.5% in April, mainly due to escalating food prices. Supply disruptions from the West Asia war, along with increased commodity and freight costs, are key drivers. Below-average rainfall predictions will likely further pressure food inflation. Despite temporary absorption of global oil price hikes, increases seem probable. A depreciating rupee adds to import costs. This upward trend suggests inflation will continue climbing. The Reserve Bank of India may be compelled to tighten monetary policy, abandoning its credit easing to curb rising prices.
LiveMint · Mint Editorial Board · May 13, 2026 at 1:30 AM