What's NewBroad-based increase in CPI inflation in Apr'18 raises alarm for RBI.

India Consumer Price Index (CPI) inflation rose to 3-month high of 4.6% year-on-year (YoY) in Apr'18 from 4.3% YoY in Mar'18. The inflation print was above the market expectations of 4.4% YoY. (Reuter's poll). The inflation rose in almost all groups except food and fuel. Thus, core inflation (retail inflation excl. food and fuel) rose to 6.1% YoY in April breaching the upper limit of the inflation bandwidth (2-6%) for the first time since Aug'14. This should be a wake-up call for RBI to act on curbing inflation sooner than later. (May 14, 2018)

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Broad-based increase in CPI inflation in Apr'18 raises alarm for RBI.

 

India Consumer Price Index (CPI) inflation rose to 3-month high of 4.6% year-on-year (YoY) in Apr'18 from 4.3% YoY in Mar'18. The inflation print was above the market expectations of 4.4% YoY. (Reuter's poll).

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