India inflation likely crept up to six-month high in April
Updated : May 10, 2019 09:45 AM IST
The latest Reuters poll of over 40 economists, conducted May 3-9, showed India retail inflation likely rose to 2.97 percent last month from 2.86 percent in March. The data is due May 13.
Forecasts ranged between 2.68 and 3.56 percent, with almost three-quarters pegging it at or below 3 percent.
While inflation is tame now, economists say that rising oil prices will eventually push inflation up and could pose a challenge for whatever government is formed after India's national election is completed later this month.