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Asian Economic News

India Inflation Accelerates More Than Expected

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

India's consumer prices rose at a faster than expected pace in May, official data showed Monday.

The consumer price index rose 6.30 percent year-on-year after a 4.23 percent increase in April. Economists had forecast inflation of 5.30 percent.

The consumer food price index climbed 5.01 percent annually following a 1.06 percent increase in the previous month.

Prices for food and beverages grew 5.24 percent annually. The clothing and footwear component of the CPI registered a 5.32 percent increase. Housing costs rose 3.86 percent. The fuel and light group logged an 11.58 percent rise.

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