NEW DELHI (Reuters) -India’s annual retail inflation slowed to 3.16% in April from 3.34% in March, marking its lowest in nearly six years as food prices rose at a slower pace, government data showed on Tuesday.
Inflation was below economists’ estimate of 3.27% in a Reuters poll. It is the lowest year-on-year inflation since July 2019, the government said in a statement.
Food inflation eased to 1.78% in April from 2.69% in the previous month. Vegetable prices fell 11% year-on-year, compared to a 7.04% fall in March.
Prices of cereals rose 5.35% against a 5.93% increase in March, while those of pulses fell 5.23% compared to a 2.73% fall in the same period.
(Reporting by Shivangi Acharya; Editing by Varun H K)
