India's consumer price inflation moderated more-than-expected in May to its lowest level in just over two years amid a continued slowdown in food prices, and industrial production expanded at an accelerated pace in April, separate data from the National Statistical Office showed on Monday.
The consumer price index, or CPI, rose 4.25 percent year-over-year in May, slower than the 4.70 percent rise in April. Economists had forecast the inflation rate to drop to 4.42 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.