- India's retail inflation eases to 4.70% in April, lower than expected.
- Inflation has now cooled for three consecutive months, bringing relief to the economy.
- The Reserve Bank of India's pause in its tightening cycle is expected to continue in the June meeting.
- Containing price pressures is important for Prime Minister Narendra Modi's re-election campaign.
- The falling global commodity prices have contributed to slower consumer price gains.
India’s Retail Inflation Eases More Than Estimated in April
India's retail inflation eases to 4.70% in April, providing relief to the economy and room for the Reserve Bank of India to maintain its pause in tightening cycle. Prime Minister Narendra Modi seeks to contain price pressures ahead of national elections next year.