In April, Consumer Price Index (CPI) inflation eased to 3.2%, while Wholesale Price Index (WPI) inflation declined to 0.9%. This sharp sequential drop in WPI inflation was mainly driven by lower food & fuel prices. Bank of America analysts believe that food prices will remain “in check,” while core inflation will climb due to higher gold prices. The brokerage forecasts that GDP growth will recover to 6.7%, compared to the 6.2% seen in Q3FY25.