India's annual inflation rate based on the general consumer price index accelerated in May, preliminary data released by the Central Statistics Office showed Monday.
The consumer price index increased 10.36 percent annually in May, after rising 10.26 percent in April. The inflation rate for rural areas eased to 9.57 percent in May from 9.67 percent in the previous month, while the rate for urban areas increased to 11.52 percent from 11.10 percent.
Prices of food and beverages advanced 10.66 percent year-on-year, while clothing, bedding and footwear prices moved up 11.36 percent in May. There was a 10.74 percent annual gain in fuel and light prices, data showed.
The Reserve Bank of India at Monday's rate-setting session kept the repo rate, the rate at which the central bank lends to banks, at 8.00 percent. The reverse repo, the rate at which the central bank borrows from banks, was retained at 7.00 percent. Meanwhile, the cash reserve ratio, or CRR, was left unchanged at 4.75 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.