Inflation to hover at 18.5pc-19.5pc in April: finance ministry

The finance ministry said on Tuesday that inflation is expected to hover between 18.5 to 19.5 per cent in April and ease in May to 17.5-18.5pc, aiming for a target range of 5-7pc by September next year.

Gross domestic product growth for the second quarter of the fiscal year ending in June is estimated at 1pc and expected to improve in the second half of the fiscal year, it said in its monthly report.

The consumer price index for March was up 20.7pc from the same month last year...