Survey shows: India's inflation rate may accelerate in April

```htmlGolden Ten Data, May 11 - According to the median estimate of 10 economists surveyed by The Wall Street Journal, India's consumer inflation rate may have rebounded in April, with the year-on-year increase rising from 3.4% in March to 3.85%. Citi Research analysts pointed out in a report that the potential rise in inflation is mainly driven by an unfavorable base effect in food inflation and a strengthening momentum in core inflation. Dhiraj Nim from ANZ Research stated in a report that, driven by oil price shocks and widespread increases in input cost pressures, India’s inflation rate is likely to accelerate further in the coming months. The relevant data is scheduled to be released on Tuesday.```