India CPI jumps to 3.93% in May as food, jewellery and personal care squeeze wallets
Retail inflation accelerated to 3.93% in May 2026 from 3.48% in April, with food at 4.78%. Personal care surged 18.46%, silver jewellery 155.23%, gold/platinum 40.93%, and restaurants/accommodation 5.75% — tightening discretionary budgets even as potatoes fell 23.71%.
What happened
MoSPI · India's retail CPI rose to 3.93% in May 2026 from 3.48% in April, with food inflation at 4.78%. Personal care surged 18.46%, silver jewellery 155%,
Key facts
- CPI 3.93% May
- CPI 3.48% April
- food inflation 4.78%
- personal care 18.46%
- silver jewellery 155.23%
- tomatoes 48.43%
- gold/diamond/platinum jewellery 40.93%
- restaurants/accommodation 5.75%
- potato -23.71%