0616 GMT - India's consumer inflation is expected to have eased slightly to 3.5% on year in March, according to the median estimate of nine economists polled by The Wall Street Journal. That would compare with 3.6% for February. Food inflation will likely remain in check over the next few months given supportive weather conditions, Capital Economics' Shilan Shah writes in a note. However, both DBS and Citi economists see core inflation rising above 4% due to higher gold prices. There could also be a slower correction in food prices amid higher temperatures and drier conditions, DBS's Taimur Baig and Mo Ji write in a note. Still, a stronger rupee and low oil prices will likely cap imported price pressures, they add. The inflation data are due Tuesday. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 02:16 ET (06:16 GMT)
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