Retail inflation rises to 6.3 pc in May

TBB BUREAU

NEW DELHI, JUNE 14, 2021

            On the back of costlier food items, retail inflation rose to 6.3 per cent in May, government data showed on Monday.

       The Consumer Price Index (CPI) based inflation stood at 4.23 per cent in April.

       As per the data released by the National Statistical Office (NSO), inflation in the food basket was 5.01 per cent in May, significantly up from 1.96 per cent in the preceding month.

       The government has asked the Reserve Bank of India to keep the retail inflation at 4 per cent with a margin of 2 per cent on either side.