India's wholesale inflation in April slowed to a 13-month low on the back of moderating food prices, government data showed on Wednesday. In April, wholesale inflation, a proxy for producer prices, recorded at 0.

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. This was the sixth straight month that the inflation fell.

Wholesale price inflation eased to 0.85% in April from 2.05% in March, driven by lower prices of food, fuel, and manufactured goods, government data showed. The industry ministry attributed the positive rate to rising costs in food manufacturing,