India's consumer price inflation accelerated further in May to the highest level in sixteen months amid higher food costs, the Ministry of Statistics and Programme Implementation said Friday.
The consumer price index registered an increase of 3.93 percent on a yearly basis in May, faster than the 3.48 percent rise in April. The expected inflation rate was 4.0 percent.
Nonetheless, the inflation rate remained slightly below the RBI's medium-term target of 4.0 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
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.