Retail Inflation In India: The June 4-9 poll of 40 economists showed consumer price inflation rose to 5.30 per centin May from a year ago, after dipping to a three-month low of 4.29 per centin April.
India s retail inflation likely rose last month after a three-month low in April, lifted by higher food and energy prices, but stayed within the Reserve Bank of India s target range for the sixth consecutive month, a Reuters poll found. In April, the retail prices of petroleum products were kept unchanged because of multiple state elections being held then, despite rising crude prices, said Kunal Kundu, India economist at Societe Generale. But immediately thereafter, the retail prices were increased about seven times in May itself, which led to substantial shooting up of this inflation component. The June 4-9 poll of 40 economists showed consumer price inflation rose to 5.30% in May from a year ago, after dipping to a three-month low of 4.29% in April.
The June 4-9 poll of 40 economists showed consumer price inflation rose to 5.30% in May from a year ago, after dipping to a three-month low of 4.29% in April.
RBI projects retail inflation at 5 1% in FY22 freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The impact on economic activity is expected to remain contained due to lower restrictions amid the second wave of Covid-19 pandemic, the RBI Governor said