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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