Inflation likely cooled in April, albeit slightly: Poll

With inflation expected to be easing, RBI will have more room for rate cuts

- Reuters

BENGALURU: Indian consumer inflation likely eased to a near six-year low in April after a further moderation of food price rises, keeping it below the Reserve Bank of India's 4% medium-term target for a third straight month, a Reuters poll of economists found.

Intense heatwaves this summer did little to affect a robust harvest, offering much-needed relief to many Indian households which allocate a significant portion of their budgets to food.

Food prices account for nearly half of the consumer price basket.

The May 5-8 Reuters poll of 43 economists suggested inflation as measured by the annual change in the consumer price index (CPI) fell to 3.27% in April from 3.34% in March.