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(12 Jun 2024, 18:04)

Economic Buzz: India's CPI Inflation Eases To 12-Month Low At 4.75% In May


India's retail inflation eased to a 12-month low of 4.75% in May on an annual basis, down from 4.83% in April, according to government data released on Wednesday.

With this, retail inflation has remained within the Reserve Bank of India's target range of 2-6% since September 2023.

Year-on-year inflation rate based on the all-India Consumer Price Index (CPI) number is 4.75% (Provisional) for May 2024. Corresponding inflation rates for rural and urban areas are 5.28% and 4.15%, respectively, Ministry of Statistics and Programme Implementation said.

The CPI inflation in May 2024 is, however, higher than the 4.31 per cent recorded in the year-ago month of May 2023.

Inflation in the food basket was 8.69 per cent in May, marginally down from 8.70 per cent in April, according ...

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