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Retail Inflation Moderates To 12-Month Low Of 4.75% In May
The New Indian Express
|June 13, 2024
CONSUMER price inflation slightly decreased from 4.83% in April to a one-year low of 4.75% in May, as per the government data. However, food price inflation remained steady at 8.7%, with urban households experiencing a higher spike of 8.83% in food prices.
Retail inflation was recorded at 4.31% in May 2023 as food prices rose less than 3%. In May, the Consumer Price Index (CPI) increased by 0.5% on a month-on-month basis, while the food price index saw a rise of 0.73% from the levels recorded in April.
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