India’s Sticky Inflation Gives RBI Reason to Stay on Hold
- Consumer prices rose 4.83%, largely in line with forecasts
- Economists have pushed out rate-cut forecasts to end of year
Food prices, which make up about half of the consumer price basket, rose 8.7% in April from a year ago, slightly higher than 8.52% in March.
Photographer: Kanishka Sonthalia/BloombergThis article is for subscribers only.
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India’s steady inflation and the threat of rising food prices will probably keep the central bank on hold for longer, with economists pushing out their expectations for interest rate cuts to later in the year.