India’s CPI slows to 3.16% in April

India’s title inflation fell for the sixth straight month to 3.16%.

The reading was lower than March’s data of 3.34%, and lower than the 3.27% expected by economists voted by Reuters.

This is the sixth month of inflation falling.

The country’s main inflation indicator is the 2.69% figure in April, the country’s key inflation indicator to 1.78%.

Bank of America analysts pointed out on May 5 that food prices will remain “checked” and that core inflation will climb due to higher gold prices.

As trade tensions spread and global markets, gold metal prices soared, reaching a record intraday high on April 22.

RBI Governor Sanjay Malhotra said inflation figures could clear the way for RBI to continue to lower interest rates. In his statement After the central bank meeting on April 9, it will shift its position from neutral to adaptive, aiming to stimulate the economy with higher interest rates.

The Reserve Bank of India recently lowered its policy rate to 6% at its meeting and lowered it for a second time in a row.

India’s GDP figures for the fiscal quarter ended in March are expected to appear on May 30, while BOFA expects GDP growth to recover to 6.7% compared to 6.2% in the quarter ended in December.

However, the full-year GDP is expected to decrease the Reserve Bank of India’s estimate at 6.5%. HSBC said earlier this year that the “countdown” tariffs will be directly reduced by 0.5 percentage points compared to the full-year growth of the fiscal year in March 2026.

However, U.S. officials said recently Trade agreement with India is “closed”with US President Donald Trump Said on April 29 “I think we will reach an agreement with India” regarding tariffs and trade.