India’s consumer price inflation likely decreased to 4.91% in March, a five-month low, but remained above the RBI’s 4% target due to persistent food price rises, according to economists polled by Reuters. RBI Governor Shaktikanta Das highlighted concerns over food price volatility. While inflation is expected to return to the RBI’s target next quarter, potential supply-side shocks and a heat wave onset pose risks. Despite strong growth, the RBI is anticipated to cut its key policy rate next quarter. Core inflation, excluding food and energy prices, is projected at 3.27% in March.
India’s March Inflation Expected to Ease to 4.91%
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/04/09110500/1705629138-3486-ezgif.com-avif-to-jpg-converter.jpg)