Inflation & Prices
India’s Inflation Eases Slightly, Keeping RBI on Guard
- Food prices remain elevated in May due to severe heat wave
- Core inflation softens further to 3.1% in May, BE says
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India’s inflation eased only slightly in May, staying above the central bank’s target and justifying the need for policymakers to remain cautious.
The consumer price index rose 4.75% from a year earlier, compared with 4.83% in April, the Statistics Ministry said Wednesday. That’s below the median forecast of a 4.85% increase predicted by economists in a Bloomberg survey.