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The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has said that India is better positioned to manage retail inflation among world's ten largest economies, even as the ongoing conflict in West Asia continues to generate uncertainty around energy prices and supply chains.  

It further urged the Reserve Bank of India (RBI) to maintain the status quo on the repo rate at its forthcoming monetary policy review in the first week of June 2026. Apart from this, it also suggested the RBI to introduce liquidity, interest subvention, and moratorium support measures for export-oriented and energy-intensive MSMEs.  

According to ASSOCHAM, retail inflation rate based on All India Consumer Price Index (CPI) with base year 2024 stood at 3.2 per cent in February 2026 and rose to 3.5 per cent in April 2026, a 0.3 percentage-point increase. This performance is better than the significant increase in the US, where inflation rose from 2.4 per cent in February 2026 to 3.8 per cent in April 2026, a 1.4 percentage-point increase.