India Inflation Cools to 25 Month Low of 4.25% in May
- Consumer prices rose 4.25% in May versus 4.70% in April
- Faster than expected cooling will come as relief to RBI
This article is for subscribers only.
India’s retail inflation cooled faster-than-expected in May, providing relief to policymakers even as risks from an uneven monsoon remain.
The consumer price index rose 4.25% from a year earlier, according to data released by the Statistics Ministry on Monday. The reading is lowest since April 2021, and compares with a median forecast for a 4.32% gain in a Bloomberg survey of economists. The inflation print was at 4.70% in April.