12.05.202610:30:00UTC+00India’s CPI Inflation Inches Up to 3.48% in April, Stays Comfortably Within RBI Target Band

India’s consumer price inflation (CPI) edged higher in April 2026, rising to 3.48% year-over-year from 3.40% in March 2026, according to data updated on 12 May 2026. The reading, based on a comparison of April prices to the same month a year earlier, signals a slight firming of inflationary pressures but keeps headline inflation well within the Reserve Bank of India’s 2–6% target range.

The previous month’s figure, also measured on a year-over-year basis, showed CPI inflation at 3.40% in March 2026 versus March 2025. The modest uptick to 3.48% in April suggests broadly stable price dynamics, with no sharp acceleration visible in the latest data. Investors and policymakers are likely to interpret the move as evidence that inflation remains contained, offering the central bank scope to stay focused on growth while keeping a close watch on any emerging price pressures.