By the government data released on Monday, food inflation accelerated to 1.10 per cent in April from 0.30 per cent in March this year.
Mills have already shipped out 2.1 million tonnes of sugar said All India Sugar Trade Association's Praful Vithalani.
Engineering goods exporters are demanding that they should get steel at global prices as domestic rates are higher.
Forecasts ranged between 2.68 and 3.56 percent, with almost three-quarters pegging it at or below 3 percent.
The government itself has admitted there are deficiencies in its data collection.