By Pranoy Krishna BENGALURU (Reuters) -Indian consumer inflation likely eased to a near six-year low in April after a further moderation of food price rises, keeping it below the Reserve Bank of India's 4% medium-term target for a third straight month,

I ndia’s Retail Inflation 2025, India’s Retail Inflation Rate & outlook for April 2025 live news updates: Indian economy likely to grow 6.5-6.9% in Q4 FY25, driven by rural demand and government spending, with positive growth outlook.

The median of 15 estimates puts CPI inflation at 3.8 percent for FY26. If the RBI cuts rates by 50 basis points, the repo rate would fall to 5.5 percent from the current 6 percent.

India's retail inflation remained below the central bank's 4% target for the third consecutive month as food prices rose at a slower pace, opening up room for more interest rate cuts to support growth in the world's fifth-largest economy.

Retail inflation in India cooled for the sixth consecutive month in April 2025, coming in at 3.16%, the lowest it has been in 69 months. The fall in prices has been driven in large part by sharply easing food prices, especially those of vegetables and pulses.

India's retail inflation for April 2025 fell to 3.16%, its lowest since July 2019, continuing the trend of easing inflation, driven by lower food prices amid a strong harvest.

Indian consumer inflation likely eased to a near six-year low in April after a further moderation of food price rises, keeping it below the Reserve Bank of India's 4% medium-term target for a third straight month,

In the past 13 months, the food inflation has seen a sharp decline of 91 basis points in April 2025 in comparison to March 2025, when it stood at 2.69%, and is the lowest after October 2021. All India inflation rates for CPI (General) and CFPI over the last 13 months are shown below.