India’s inflation climbs to 3.48 pct, silver jewellery sees massive 144 percent price surge

The year-on-year inflation rate, based on the All India Consumer Price Index (CPI) with base year 2024 for April 2026 over April 2025, stood at 3.48 percent (provisional). The corresponding inflation rates for rural and urban areas were 3.74 percent and 3.16 percent, respectively.

Food inflation rises

The year-on-year inflation rate based on the All India Consumer Food Price Index (CFPI) for April 2026 stood at 4.20 percent (provisional). Rural food inflation was recorded at 4.26 percent, while urban food inflation came in at 4.10 percent.

Housing inflation remains moderate

The year-on-year housing inflation rate for April 2026 was 2.15 percent (provisional). The corresponding rates for rural and urban regions were 2.65 percent and 1.96 percent, respectively.

Silver jewellery sees steepest price surge

Among individual commodities, silver jewellery recorded the sharpest annual price increase at 144.34 percent, followed by:

Coconut/copra: 44.55 percent

Gold, diamond and platinum jewellery: 40.72 percent

Tomato: 35.28 percent

Cauliflower: 25.58 percent

Meanwhile, price contraction was recorded in several categories, including potato, onion, motor cars and jeeps, peas, and air-conditioners, reflecting easing cost pressures in select segments.