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FILE PHOTO: Debashis Dhara, a vegetable vendor, speaks on his mobile phone at a retail market area in Kolkata, India, March 22, 2022. Picture taken March 22, 2022. REUTERS/Rupak De Chowdhuri/File Photo Image used for illustrative purpose.
NEW DELHI - India's annual retail inflation eased to 4.7% in April from 5.66% the previous month, government data showed on Friday.
A Reuters poll of 53 economists had forecast a rate of 4.80%.
Last month, India's central bank surprised markets by holding its key repo rate steady after six consecutive hikes to tamp down inflationary pressures. Many economists expect it to remain on pause mode for the rest of the year to support the recovery in Asia's third-largest economy.
(Reporting by Aftab Ahmed and Nikunj Ohri; editing by John Stonestreet)
