Retail inflation fell to 4.75 percent in May, but there was no relief from rising prices of vegetables and pulses | Live Updates, Unveiling the Latest India News Trends

CPI Inflation: Retail inflation has also declined in the month of May. According to the data released by the government, the retail inflation rate has come down to 4.75 percent in May 2024, which was 4.83 percent in April 2024. Food inflation declined marginally to 8.69 percent in May, which was 8.70 percent in April. But still the prices of vegetables and pulses are troubling people.

Food inflation stood at 8.69 percent

The Ministry of Statistics has released the retail inflation data for the month of May. According to this data, the CPI inflation rate has come down to 4.75 percent in May. However, many experts were estimating it to be more than 5 percent. Food inflation remains the same as before. Food inflation was 8.69 percent in May, which was 8.70 percent in April. In May 2023, the retail inflation rate was 4.31 percent and the food inflation rate was 2.96 percent.

There was trouble due to increase in the price of vegetables and pulses

The prices of vegetables and pulses have been high in the month of May. The inflation rate of vegetables in May was 27.33 percent which was 27.80 percent in April. The inflation rate of pulses in May increased from 16.84 percent in April to 17.14 percent. The inflation rate of fruits was 6.68 percent which was 5.94 percent in April.

The inflation rate of food grains and related products was 8.69 percent in May, which was 8.63 percent in April. The inflation rate of spices has come down to 4.27 percent in May, which was 7.75 percent in April. The inflation rate of sugar has come down to 5.70 percent, which was 6.73 percent in April and the inflation rate of eggs has come down to 7.62 percent, which was 9.59 percent in April.

Inflation rate in RBI's tolerance band

According to the tolerance band of the Reserve Bank of India, the retail inflation rate remains between 2 to 6 percent. However, the RBI is waiting for inflation to fall to 4 percent before reducing its policy rate. Just last week, SBI said in its research note that a repo rate cut is expected in the third quarter of the current financial year 2024-25.