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May retail inflation drops to over 6-year low of 2.82%
June 13, 2025
|The New Indian Express Kalaburagi
LESS than a week after the monetary policy committee (MPC) of the RBI decided to go for a jumbo 50 basis point rate cut, the May retail inflation number has 'justified' the central bank's bold move.
Retail inflation rate in May recorded the lowest year-on-year growth in over six years, as the Consumer Price Index (CPI) rose by just 2.82% during the month, according to the provisional figures released by the National Statistics Office. This is 34 basis points lower than April 2025 inflation of 3.16%, and the lowest reading since February 2019.
هذه القصة من طبعة June 13, 2025 من The New Indian Express Kalaburagi.
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