India's annual retail inflation slowed to a near six-year-low of 3.16% in April, as food prices rose at a slower pace, government data showed on Tuesday. Inflation was below economists' estimate of 3.

India's headline inflation eased to 3.16% in April, the sixth consecutive month of decline. The reading was lower than March's data of 3.34%, and is lower than the 3.27% expected by economists polled by Reuters.

India's retail inflation slipped to the lowest since 2019, continuing to be led by lower vegetable prices. The consumer price index-based inflation moderated to 3.16% in April, from 3.34% in March, according to data from the Ministry of Statistics and Program Implementation on Tuesday.