In April India CPI slows down to 3.16%

In April, inflation in India decreased by 3.16%, the sixth consecutive month.

Reading was lower than March 3,34% and lower than 3.27% expecting economists interviewed by Reuters.

It was the sixth consecutive month when inflation fell.

Food inflation, which is a key inflation metric in the country, decreased to 1.78%in April, 2.69%from March.

Bank of America analysts said on May 5 that food prices would remain “under control” and the main inflation will rise from higher gold prices.

The prices for yellow metal increased when trade tensions reduced global markets, reaching a record high level of $ 3,498.24 on April 22.

Inflation is likely In his statement After the Central Bank meeting, on April 9, he moved his position with neutral to reasonable, heading for stimulating the economy through softer interest rates.

RBI has recently reduced its political level to 6% at the meeting, providing a second direct rate.

It is expected that GDP numbers in India for its financial quarter, which ends in March, will come on May 30, and Bofa forecast that while GDP growth will recover to 6.7%, compared to 6.2%, noticed in the quarter ended in December.

However, the full year of GDP emphasizes that the RBI estimate is 6.5%, they added. At the beginning of the year, HSBC said the “mutual” tariffs would directly shave at a 0.5 percentage point from the full year’s growth in India for the financial year, which ends in March 2026.

However, US officials have recently stated that a Trading deal with India was “close”With US President Donald Trump Speaking on April 29 This “I think we will deal with India” on tariffs and trade.