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Expert Views: India's consumer inflation eases to 4.28 percent in March

Reuters  |  MUMBAI/BENGALURU 

MUMBAI/BENGALURU (Reuters) - India's annual consumer price eased to 4.28 percent in March, data from the showed on Thursday.

Analysts polled by had forecast March's consumer price to ease to 4.20 percent from 4.44 percent in the previous month.

ANIS CHAKRAVARTY, LEAD ECONOMIST AND PARTNER, INDIA, MUMBAI

"The outlook on continues to remain data-dependent, but risks remain largely to the upside, especially from expectations of a rise in due to international output cuts, further hardening of domestic consumption, and continued impact of HRA (house rent allowance) increase.

"We expect that expectations in the period ahead will possibly be shaped by oil price movement, impact of minimum support prices inclusion, fiscal slippage as GST collections remain low, and monsoon forecasts. A greater challenge would be for the RBI to set policy sentiments correctly in the coming period as higher yields, inflationary pressures and election cycle in and US both are likely to lead to market volatility. We expect prints to hover around the 5-percent mark in FY18-19."

RUPA REGE NITSURE, GROUP CHIEF ECONOMIST, L&T FINANCE HOLDINGS, MUMBAI

"Continuation of higher industrial growth driven by lower statistical base and relatively benign CPI at 4.3 percent, driven by moderate food inflation, vindicates RBI's stance to hold rates and keep the policy in neutral zone. Going ahead, growth and are going to give increasingly lower prints."

(Reporting by in Mumbai, Krishna V Kurup and Vishal Sridhar in Bengaluru, additional reporting by Manoj Kumar, Editing by Sherry Jacob-Phillips)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 18:05 IST
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