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Corrected - Expert Views: Consumer inflation accelerates to 4.58 percent in April


(In Foram Parekh's comment in paragraph 13, corrects to 'rupee depreciating' from 'rupee appreciating')MUMBAI/BENGALURU (Reuters) - India's annual consumer price inflation accelerated in April to 4.58 percent, after easing for three straight months, data from the Ministry of Statistics showed on Monday, mainly driven by faster hikes in fuel prices.The median forecast in the poll of nearly 30 economists was for April's annual rate of consumer inflation to rise to 4.42 percent from 4.28 percent in the previous month. TUSHAR ARORA, SENIOR ECONOMIST, HDFC BANK, NEW DELHI"In our view, the ...

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First Published: Mon, May 14 2018. 20:26 IST