India's consumer price inflation eased more-than-expected in April to its lowest level in one-and-a-half years and remained below the Reserve Bank of India's upper threshold amid a slowdown in food prices, and industrial production expanded at a slower pace in March, data from the National Statistical Office showed on Friday.
The consumer price index, or CPI, climbed 4.70 percent year-over-year in April, which was slower than the 5.66 percent rise in March. Economists had forecast the inflation rate to drop to 4.80 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.