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Retail inflation at 5-yr low as food prices ease, bolster rate cut hopes

At policy review last week, RBI left key interest rates unchanged but lowered inflation projections

Reuters 

India's retail inflation eased to the lowest level in at least five years in May on cooling food prices, bolstering hopes for an interest rate cut by the Reserve Bank of India (RBI) later this year. Consumer prices rose by an annual 2.18 percent last month, compared with a 2.99 percent gain in April, data released by the Ministry of Statistics showed on Monday.

The rise was lower than the 2.60 percent forecast by economists in a Reuters poll, and was the lowest since India started publishing an economy-wide consumer price index in 2012. With headline inflation ...

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First Published: Tue, June 13 2017. 08:54 IST
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