Most of the pressure is coming from nonfood and energy costs, think higher fuel and gas bills.
The recent conflict in West Asia (which kicked off in late February) has pushed crude oil prices up, making things like LPG and aviation fuel pricier here at home.
Even with a U.S.-Iran ceasefire on April 8, experts say Indian fuel prices could stay high if global oil markets remain tense.

Looking ahead, the RBI expects overall inflation could hit 4.6% for fiscal year 2026-27 (above its comfort zone) thanks to ongoing global tensions and price hikes.