## Fuel Price Hike Pushes India’s Inflation Near RBI Target; SBI Research Warns of Elevated Pressure

India’s retail inflation climbed to 3.93% in May 2026, fueled by rising petrol, diesel, and LPG costs. SBI Research warns of sustained price pressure and no August rate cut. ## Key Takeaways – India’s retail inflation climbed to 3.93% in…





