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Congratulations to India… Food inflation eased, retail inflation fell to the lowest level of the year in May.

Sagar Patel

By Sagar Patel

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Inflation fell in May

Congratulations, congratulations, after all, inflation hit the lowest level of the year in May. Yes, when you see the latest retail inflation figures, you too will congratulate each other and the Reserve Bank of India (RBI). The result of the Reserve Bank of India’s strict monitoring and strict stance on interest rates is that the retail inflation rate in the month of May has been 4.75 per cent. In the last year the inflation rate has never been below this level.

The Government of India has entrusted the RBI with the task of maintaining the inflation rate at 4 per cent. A fluctuation of two percent is possible in this, which means that the maximum inflation rate in the country may be 6 percent. Seen from this perspective, the May figures are quite satisfactory. After all, what is the reason for this…?

Food prices fell

New retail inflation figures released on Wednesday clearly show that there has been a weakening in the food inflation rate in the month of May. This simply means that food prices have gone down. This has had an impact on the country’s overall inflation rate. The downward trend in the inflation rate continued in May. The country’s retail inflation rate in April was 4.83 percent. While a year ago, in May 2023, it was 4.31 percent. This has been its lowest level in a year.

(This news is being updated)

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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