India's consumer price inflation eased more-than-expected in March to the lowest level in nine months, largely due to a slowdown in food costs and cheaper fuel and light costs, data published by the National Statistical Office showed on Friday.
Brokerage firms expect India s headline inflation to decline further in March to approximately 5 percent due to lower food prices on a sequential basis
India's consumer price inflation softened marginally in February, data from the Ministry of Statistics and Programme Implementation showed Tuesday. The consumer price index posted an annual growth of 5.
While the market is expected to remain under pressure for a couple of days due to the hot US inflation print, it is unlikely to be as big a risk for Indian equities as concerns of an earnings slowdown, analysts believe.
India’s retail inflation is expected to rise mildly in December due to elevated prices of pulses, tomatoes, and onions, but it is unlikely to have a significant impact on the market sentiment.