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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