Big spike in prices of basic metals, fuel and power has led to a record high inflation in April clocking in at 10.49%.
The biggest culprit remains oil prices which will continue to be a pain point in May as well. Inflation in the fuel and power basket soared to 20.94% in April. Manufactured products inflation stood at 9.01%.
Prices have hardened from 4.3% in February to 10.3% in April and economists seeing further jumps in May as the base from last year remains low.