The Economic Times

India's April consumer inflation likely rose to 3.8% as higher fuel costs weigh: Reuters poll

Indias retail inflation likely rose to 3.8% in April from 3.4% in March as higher fuel and LPG costs linked to the US-Iran conflict started feeding into prices, according to a Reuters poll. Economists said food prices remained soft, helping keep inflation near the RBIs 4% target, but persistently high crude oil prices and a possible weak monsoon could push inflation higher in coming months. Wholesale inflation is also expected to rise to 4.4% in April.