India’s retail inflation quickens to 3.93% in May amid high food & fuel prices
India's retail inflation rose to 3.93% in May. Food and fuel prices increased, impacting consumer costs. This marks the highest inflation reading under the new CPI series. Despite the rise, inflation stays below the Reserve Bank of India's 4% target for the 16th month. Policymakers have room to support growth. India's retail inflation accelerated to 3.93% in May as food…
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