India inflation likely slipped in April: Reuters poll [Reuters]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Reuters
While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) basket, have remained elevated, squeezing household budgets. With parts of the country experiencing a , food prices continue to pose an additional risk to India's inflation trajectory, according to the The May 3-8 Reuters poll of 44 economists showed consumer price inflation likely slipped to 4.80% in April, versus 4.85% in March. Forecasts ranged between 4.50% and 5.10%, with a third of respondents predicting inflation to be above the March reading. "Food inflation is sticky, and it is still around 8%... it is difficult for food inflation to come down further and headline inflation is not going to fall in a hurry," said Suman Chowdhury, chief economist at Acuite Ratings. "There is no new kind of driver to lower inflation right now. We believe inflation will remain at around 5% or even go higher in the next few months." , the government's chie
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