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Expert View: Consumer inflation accelerates to 4.58 percent in April

Reuters  |  BENGALURU 

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. FORAM PAREKH, FUNDAMENTAL ANALYST - EQUITY, INDIABULLS VENTURES, MUMBAIThe CPI numbers are very much in line with the expectations. If you look at RBI's commentary, they were ...

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First Published: Mon, May 14 2018. 18:11 IST