Mint Quick Edit | India’s inflation incline could put rate hikes back in RBI’s policy consideration set
India’s inflation in April climbed to a 13-month high of 3.5% from a year earlier, driven by food prices. Though this was only marginally higher than March’s 3.4% reading and undershot economists’ expectation of a 3.8% print, there isn’t much relief to draw, given the rising trajectory of price levels.
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