Six consecutive months of growth! India's April CPI rises to 3.48%

⑴ India’s CPI inflation in April rose for the sixth consecutive month, climbing year-on-year to 3.48%, slightly above March’s 3.40%. ⑵ The Indian government is committed to keeping domestic refined oil prices stable, shielding the population from the impact of rising international crude oil prices. ⑶ The overall April inflation data fell short of market expectations; economists had previously estimated 3.80%. ⑷ India’s food inflation rebounded significantly, reaching 4.2% in April, up markedly from 3.87% in March. ⑸ A former governor of the Reserve Bank of India pointed out that the trend of inflation changes is much more important than a single month’s inflation figure.