Retail inflation in May spikes to 6.3% due to higher food, fuel prices
India’s retail inflation surged to 6.30 per cent on account of higher food and energy prices in the month of May, over and above the Reserve Bank of India’s (RBI) threshold of 6 per cent. Inflation, which is measured by the Consumer Price Index (CPI), for the month of April was revised to 4.23 per cent from 4.29 per cent.
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