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Expert Views: India's 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. SUMEDH DEORUKHKAR, SENIOR ECONOMIST, BBVA, HONG KONG"We continue to expect a pre-emptive rate hike by the Reserve Bank of India at its August policy meeting. Whether the hike will be ...

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First Published: Mon, May 14 2018. 17:51 IST
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