India inflation likely slipped in April: Reuters poll
BENGALURU - India's consumer price inflation is likely to have eased to 4.80% in April, just shy of March's rate as food inflation remains sticky, according to economists polled by Reuters.
The May 3-8 Reuters poll of 44 economists showed consumer price inflation likely slipped to 4.80% in April, versus 4.85% in March. "There is no new kind of driver to lower inflation right now. We believe inflation will remain at around 5% or even go higher in the next few months." However, India's robust economic growth rate, at 8.4% in the October-December quarter, and expectations the U.S. Federal Reserve will delay its first rate cut were likely to push the RBI to ease monetary policy at a later date.
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