Retail price inflation for wheat, rice, jeera, tur remains on the boil

Government imposes limits on the quantity of wheat that traders, wholesalers can hold until March 31

The retail price inflation rates of rice, wheat, and some pulses, such as tur, remained elevated in May, explaining the government’s measures regarding these items. Also, retail prices of jeera (cumin seeds) flared up last month by over 50 per cent.  

Still, the food inflation cooled down to an 18-month low of 2.91 per cent and the overall retail inflation eased to a 25-month low of 4.25 per cent.

The consumer price index (CPI)-based inflation rate of wheat remained in double digits for a year, even as it eased to a 10-month low of 12.61 per cent in May, against