India’s April retail inflation accelerates to 7.79% y/y – govt

NEW DELHI, May 12 (Reuters) – India’s annual retail inflation INCPIY=ECI accelerated to 7.79% in April from a year ago, remaining above the tolerance limit of the central bank for a fourth month in a row, government data released on Thursday showed.

Analysts in a Reuters poll had predicted annual inflation to touch 7.50%, higher than the upper limit of the Reserve Bank of India’s 2% to 6% target, and above 6.95% in March.

(Reporting by Manoj Kumar and Aftab Ahmed
Editing by Raissa Kasolowsky)

((manoj.kumar@thomsonreuters.com; +91(11) 49548029;))