Retail inflation likely eased to 3.2% in April

Food inflation cooled to 2.69% in March, its lowest level since November 2021

- Manjul Paul & Payal Bhattacharya

NEW DELHI: India's retail inflation is expected to have eased further to 3.2% in April, from 3.34% the previous month, according to a Mint poll of 21 economists. The continued softening in food prices has kept retail inflation below the Reserve Bank of India's (RBI) medium-term target of 4% since February.

If the projections prove correct, this would be the longest streak of easing in inflation in at least the past five years.