According to a Wall Street Journal survey of economists, India’s consumer inflation rate is expected to rise to 3.85% year-on-year in April from 3.4% in March. Citi research analysts attributed the increase to unfavorable food inflation base effects and strengthening core inflation momentum. ANZ Research’s Dhiraj Nim noted that oil price shocks and rising input cost pressures are likely to drive further acceleration in India’s inflation in coming months. The data is scheduled for release on Tuesday.
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