India’s headline retail inflation eased to the lowest in a year at 4.75 percent in May 2024, according to the data released by the Ministry of statistics and programme implementation.
In the previous month of April 2024, the Consumer Price Index (CPI) inflation was at 4.83 percent.
The headline rate for last month is the lowest after May 2023 and has now been under the 5 percent-mark for three consecutive months starting March 2024.
The downward trajectory for the headline inflation rate is because of the major sub-groups either witnessed a softening or remained unchanged as compared to the previous month.
Core inflation, which excludes volatile components such as food and fuel, is now at an all-time low of 2.97 percent.
On the other hand, food and beverages inflation remained the same at 7.87 percent. Among food, while prices of vegetables eased marginally to 27.33 percent in May.
However, pulses saw a slight rise to 17.14 percent from 16.84 percent. Cost of cereals were also up on a month-on-month basis.
Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).
