Retail inflation hits one-year low at 4.75 pc

Consumer Price Index (CPI) based retail inflation was 4.83 per cent in Apr 2024 and 4.31 per cent in May 2023 (previous low)

Retail inflation hits one-year low at 4.75 pc

Inflation in the food basket was 8.69 per cent in May

Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items declined marginally, as per government data released on Wednesday. Consumer Price Index (CPI) based retail inflation was 4.83 per cent in Apr 2024 and 4.31 per cent in May 2023 (previous low).

Inflation in the food basket was 8.69 per cent in May, marginally down from 8.70 per cent in April. Headline inflation has seen sequential moderation since February 2024, albeit in a narrow range from 5.1 per cent in February to 4.8 per cent in April 2024.

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