Retail Inflation In India: Relief news for common people! India’s retail inflation at 25-month low in May
[ad_1]
copy photo
ANI
Retail inflation in India fell for the fourth consecutive month in May to 4.25 per cent from 4.70 per cent in April. Retail inflation to be 4.7 per cent in March 2023 and 5.66 per cent in February 2023.
India’s retail inflation eased to a 25-month low of 4.25 per cent in May mainly due to fall in food prices. The decline in retail inflation is in line with the forecast of economists. This is big news for common people. This brings consumer price index based (CPI) inflation closer to the Reserve Bank of India’s (RBI) medium-term target of 4 per cent. It may be noted that retail inflation has remained in the RBI’s comfort zone for the third consecutive month.
fell for the fourth consecutive month
Retail inflation in India fell for the fourth consecutive month in May to 4.25 per cent from 4.70 per cent in April. Retail inflation to be 4.7 per cent in March 2023 and 5.66 per cent in February 2023. The sharp decline in retail inflation in May was on account of fall in food prices. Food inflation, which forms almost half of the consumer price index (CPI) basket, eased to 2.91 per cent in May. Meanwhile, rural inflation stood at 4.17 per cent in May, while urban inflation came down to 4.27 per cent.
Retail inflation eases to 4.25% in May from 4.70% in April: Government of India pic.twitter.com/zlDNpBtTWS
— ANI (@ANI) June 12, 2023
other news
[ad_2]
Source link
