Restaurant inflation jumps to 4.2% in April as commercial LPG squeezes eateries
April CPI edged to 3.48% from 3.4%, but restaurant and accommodation prices rose 4.2% YoY (vs 2.9% in March) with a sharp 1.5% MoM print. Commercial LPG costs are biting F&B operators even as headline inflation stays benign. RBI sees FY27 CPI at 4.6%; rate-hike risk builds from October.
April retail inflation edged up to 3.48%, but restaurant and accommodation prices jumped 4.2% YoY on commercial LPG cost pressures, squeezing eateries. Core held at 3.7%; RBI sees FY27 CPI at 4.6%, with rate-hike risks building from October.