India: April CPI likely to rise to 2.99% - TDS

TD Securities analysts are expecting the April CPI of India to rise to 2.99% from 2.86% y/y, previously.

Key Quotes

“Core CPI may soften again however, as the widening output gap continues to weigh on price pressures. We expect food prices to increase for another month, albeit remaining at a low level, while fuel prices are also likely to have edged higher, but not at the same pace as last month. Other components will likely remain soft. Overall, inflation is likely to remain below the RBI’s target for a 9th straight month.”