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01:30
India's retail inflation falls to 4.25 pct in May
STORY: India's retail inflation falls to 4.25 pct in May
DATELINE: June 13, 2023
LENGTH: 00:01:30
LOCATION: New Delhi
CATEGORY: ECONOMY
SHOTLIST:
1. various of New Delhi
2. various of markets
STORYLINE:
India's retail inflation rate in May decreased to 4.25 percent, the third consecutive month below the Reserve Bank of India's upper tolerance limit of 6 percent, official data showed on Monday.
Food inflation moderated to 2.91 percent, but cereals, pulses, milk, and spices remained areas of concern.
Urban consumers faced slightly higher inflation than rural counterparts at 4.27 percent and 4.17 percent respectively. However, food inflation was lower in urban areas, easing significantly to 2.43 percent from April's 3.7 percent.
Vegetable and edible oil prices contributed the most to the cooling inflation pace.
Xinhua News Agency correspondents reporting from New Delhi.
(XHTV)
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