Global commodity prices will stay high in coming months. Geopolitical tensions in West Asia and bad weather affecting crops are the main reasons. Supply chains will take time to recover even after conflicts end. This will impact energy, metals, fertilizers, and food prices. India's inflation is expected to average 7-8 percent in FY27.

Inflation is set to climb to 5.0 percent in FY27. Upside risks persist due to the West Asia conflict and a potential below-normal monsoon. ICICI Bank Global Markets anticipates…

Food inflation accelerated to 4.8% YoY from 4.2% in April, core to 3.9% from 3.7%, and energy to 1.9% from 0.4%