India's Inflation Eases to 3.16%
This is a India news story, published by CNBC, that relates primarily to Reuters news.
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Food inflationCNBC
•Business
Business & Economics
India's inflation rate slows to 3.16% in April, marking six straight months of decline

85% Informative
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 .
Food inflation, a key inflation metric in the country, dipped to 1.78% .
The inflation figure will likely clear the way for the Reserve Bank of India to cut rates.
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