India’s Consumer Inflation Quickens, Adding Rate Pressure
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India’s consumer-price inflation quickened in March for the first time in four months, putting pressure on the central bank to keep interest rates elevated.
The consumer-price index rose 8.31 percent from a year earlier, compared with a revised 8.03 percent in February, the Central Statistics Office said in New Delhi yesterday. The median estimate in a Bloomberg News survey of 39 analysts had been for an 8.25 percent increase.