 "May retail inflation eases to 2.18%; lowest since 2012")
Retail inflation fell to a record low of 2.18% in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.
Clothing, housing, fuel and light also saw lower inflation.
Retail inflation dropped to an all time low of 2.18% in May.
The CPI based retail inflation stood was at 2.99% in April 2017. In May 2016, it was at 5.76%.
The overall food inflation was in negative territory at (-) 1.05% during the month.
Prices of vegetables declined by 13.44% and that of pulses and products by 19.45%.
Earlier this month, the Reserve Bank had maintained status quo on key lending rate (repo) citing risks to inflation.
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