Economy
CPI Inflation Hits 25-Month Low At 4.25 Per Cent In May
A retail shop in India.
According to the Ministry of Statistics and Programme Implementation's recent data release on 12 June, India's headline retail inflation rate experienced a fourth consecutive monthly decline in May.
Falling from 4.70 per cent in April, the Consumer Price Index (CPI) inflation dropped to 4.25 per cent, surpassing consensus estimates of 4.4 per cent.
The CPI inflation rate of 4.25 per cent in May represents the lowest figure observed in the past 25 months.
India's headline retail inflation figure had not been below 4.25 per cent since April 2021, when it recorded a slightly lower rate of 4.23 per cent.
For the third consecutive month, the CPI stayed below the upper threshold of the Reserve Bank of India's medium-term target of 4+/-2 per cent.
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