CPI inflation could accelerate to an average of 5.1% this year, says Moody’s

India’s gross value added (GVA) growth rate is set to improve to 7.7 per cent this year, from the 7.2 per cent seen in FY16, due to higher domestic consumption demand, while consumer price inflation could accelerate to an average of 5.1 per cent from 4.9 per cent a year earlier, according to Moody’s Investors Service and ICRA.