Retail inflation hits four month high of 4.87% in May on costlier veggies, fuel

The previous high in retail inflation was in January this year at 5.7 per cent. (Representational Image: Reuters)

The previous high in retail inflation was in January this year at 5.7 per cent. (Representational Image: Reuters)

NEW DELHI: Retail inflation jumped to 4-month high of 4.87 per cent in May on costlier food items such as fruits, vegetables and cereals coupled with high fuel rates. Based on Consumer Price Index (CPI), the retail inflation was at 4.58 per cent in the preceding month, April. In May 2017, however, it was at a low of 2.18 per cent.

The previous high in retail inflation was in January this year at 5.7 per cent. The overall consumer food price index shot up to 3.10 per cent in May, from 2.80 per cent in April, as per the Central Statistics Office (CSO).

Click here to read more…

Credit: indianexpress.com

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.