India's retail inflation accelerates to 4.87% in May; April factory output at 4.9%
India's annual retail inflation accelerated in May to 4.87 per cent, government data showed on Tuesday, mainly driven by faster increases in fuel prices and a fall in the local currency, which pushes up prices of imported goods. The industrial output grew 4.9 per cent in April from a year earlier. (Text: Reuters)
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