India Inflation Eases Further, Giving RBI Room for More Cuts

India’s inflation cooled further in April, creating room for more interest rate cuts by the central bank to bolster growth in Asia’s third largest economy.

The consumer price index rose 3.16% from a year earlier, data from the statistics ministry showed Tuesday. That’s the slowest rise since July 2019 and compares with a 3.2% increase predicted by economists in a Bloomberg survey. Inflation eased to 3.34% in March.