India’s consumer inflation is projected to have quickened in April as higher global energy costs begin to filter through to household expenses, with economists in a Reuters survey seeing CPI at 3.8% versus 3.4% in March. The shift comes as benchmark crude prices, including Oil – Brent Crude and Oil – US Crude, remain elevated, intensifying import cost pressures for the world’s third-largest oil buyer.
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Over the past month, Brent has advanced about 8.9% while U.S. crude is up roughly 1.8%, with both currently flashing a Buy and Buy signal respectively, suggesting bullish momentum that could keep India’s energy import bill under strain. In contrast, Natural Gas has slipped around 1.4% in the past month and shows a more neutral Hold stance, implying less immediate upside pressure from gas prices. Investors can explore more updates, prices, and analysis across global markets at Commodities.