Retail inflation spiked to an eight-year high in April, casting doubt on the economy’s near-term prospects.

India’s economic growth slowed to a one-year low.

In the first three months of 2022, India’s economic growth dropped to its lowest level in a year, owing to declining consumer demand and rising prices, which might make the central bank’s goal of managing inflation without damaging GDP more difficult.

Government statistics released on Tuesday showed that gross domestic product expanded 4.1 percent year on year in January-March, matching a 4 percent prediction by economists in a Reuters poll and falling short of 5.4 percent growth in October-December and 8.4 percent growth in July-September.