India March inflation likely rose to 3.48 percent

A Reuters poll indicates India's annual inflation rose to 3.48% in March. Higher fuel costs from the Iran war were offset by falling gold prices and tax cuts.

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Annual consumer inflation in India is expected to have experienced a modest increase in March, reaching 3.48% according to a recent poll of economists. This uptick follows a 3.21% reading in February, as a significant decline in the price of Gold helped mitigate the impact of soaring energy costs.

Shoppers examine mobile devices at an electronics retailer in the historic section of Delhi, India, on February 1, 2026. REUTERS/Anushree Fadnavis/File Photo
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