Mar Inflation Likely Steady After 4 Months of Fall: Poll

Food price rise had moderated in past 4 months but may have bottomed in March

- Reuters

BENGALURU: India consumer prices likely rose around the same rate in March as they did in February following four months of declining inflation, as a sharp rise in gold prices offset flat food prices, a Reuters poll showed.

Food price rises had steadily moderated over the previous four months but likely bottomed in March as the country's farm industry experienced uneven rainfall and heat waves.

The latest Reuters poll of 40 economists taken on April 3-8 showed inflation, as measured by the annual change in the consumer price index, was 3.60% in March, roughly unchanged from 3.61% in February.