Benign food prices likely dragged April inflation to three-month low: Poll

Consumer price inflation was predicted to cool to 4.20 per cent in April, just above the RBI's 4 per cent mid-point target and down from March's four-month high of 5.52 per cent

Indian retail inflation likely eased to a three-month low in April on softening prices for vegetables and other perishable foods, a Reuters poll suggested, bringing the headline rate closer to the midpoint of the Reserve Bank of India’s medium-term target.

That reprieve would provide policymakers with some relief as they seek to keep prices under control amid growing risks that state-wide lockdowns and curfews imposed to tackle a record surge of Covid-19 cases could disrupt supplies and fuel prices.

Consumer price inflation was predicted to cool to 4.20 per cent in April, just above the RBI’s 4 per cent mid-point