Retail inflation dips to 7.04% in May

Author: Nishu June 13, 2022

Retail inflation dips to 7.04% in May


Food price inflation, which peaked at 8.31% in April, eased slightly to 7.97% in May

Food price inflation, which peaked at 8.31% in April, eased slightly to 7.97% in May

India’s retail inflation eased marginally to 7.04% in May from 7.79% in April, reflecting a more than 6% continuous rise in prices paid by consumers for the fifth consecutive month.

Inflation faced by rural consumers fell from 8.38% in April to 7.01% in May, but for homes in urban areas, the pace of price increases was almost flat month-on-month, rising from 7.09% in April to May increased to 7.08%.

Food price inflation, which peaked at 8.31% in April, eased slightly to 7.97% in May, thanks to a reduction in rural food inflation from 8.5 per cent to 7.76%. However, the Consumer Food Price Index for urban India rose from 8.09% in April to 8.2% in May.

On a month-on-month basis, the Consumer Price Index was up 0.94% in May compared to April, while the Consumer Food Price Index (CFPI) rose 1.59%. Within the CFPI, the rural food price index rose by 1.34 per cent and urban prices by 1.84 per cent.

Fuel and light inflation eased slightly from 10.8% in April to 9.54% in May and inflation in transport and communication also declined to 9.54% in April from around 11%.

Growth in prices of clothing and footwear also hit a high of 8.85%, just one percentage point lower than May’s rate of 9.85%. Inflation in footwear prices remained in double digits at 10.72% (compared to 12.12% in April), while clothing inflation fell from 9.51% in April to 8.53% in May.

Inflation in household goods and services as well as miscellaneous goods, which indicated that price growth pressures had broadened and normalized in April, moderated marginally in May from 7.97% to 6.85% and 8.03% to 6.82%, respectively .

While inflation in food and beverages moderated to 7.84% in May from 8.1% in April, three sub-categories of food items registered a further increase – vegetables, meat and fish, and milk products. Inflation in vegetables rose to 18.26 per cent in May from 15.41 per cent in April, while that of meat and fish rose to 8.23 ​​per cent from 6.97 per cent. The pace of increase in the prices of milk and related products was 5.64% in May from 5.47% in April.

Six other sub-groups of food and beverages registered a deceleration in price growth led by edible oils and fats (17.28% in April from 13.26% in May), while pulses and eggs declined by 0.42% and 4.64%. Inflation was recorded. in May, compared to 0% and 1.86% in April, respectively.

13 June, 2022, 6:09 pm

News Cinema on twitter News Cinema on facebook

Monday, 13th June 2022

More Stories
‘Kya Kamal Ka Lal Behna Hai’, Shraddha Kapoor wins hearts by complimenting fan’s outfit- Watch
Gold-rush steamer SS Pacific is found with $5million treasure trove on board
Warnock’s Victory Forges Democrats’ Path Through the New Battlegrounds
In LA Since the ’80s, the Clippers Are Finally Planting a Flag
High Falls, NY: A Tiny Place That Makes a Big Impression
Britain Counts Down to Christmas With a List of Labor Walkouts
Supreme Court to Hear Case That Could Transform Federal Elections
Royal aide who claims to have been bullied by the Duchess of Sussex urges Palace to end NDAs
What Has Changed About China’s ‘Zero Covid’ Policy
POTATOES could hold the cure for cancer
Alternative Christmas advert shot in Yorkshire that went viral leaves viewers in floods of tears
Ioan Gruffudd begs court to let him sell California home where ex lives for free
Ranveer-Deepika have bought their first home together for Rs 119 crore, ‘He loves playing homemaker’, says the actor!
Twitter’s Rivals Try to Capitalize on Musk-Induced Chaos
China announces nationwide loosening of Covid restrictions after protests
NYC Mayor doubles down on involuntarily committing homeless people with mental health problems
Is Shahrukh Khan teaming up with Rishabh Shetty of Gandhara fame, Rakshit Shetty? Here is the truth
Queen ‘wanted Meghan Markle to make a success of role’, Gyles Brandreth tells Palace Confidential
IND-W vs AUS-W T20I Series: ‘I too will not be able to help…’, Harmanpreet Kaur made a big statement before the first T20
Dating an Older Girl Younger: 6 Useful Tips for Lovers
‘Troll of Trondheim’ bears down on Britain: Snow to hit TODAY
Tom Brady opens up on his emotional strength following divorce from ex-wife Gisele Bündchen
Seductive video of Neha Bhasin in glittering silver bangles and white khaki pants is too hot to handle – WATCH
China Eases ‘Zero Covid’ Restrictions in Victory for Protesters
In Soaring Victory Speech, Warnock Declares, ‘Here We Stand Together’
After Herschel Walker’s Defeat, His Son Piles On With Twitter Tirade
Princess Beatrice and her mother Sarah Ferguson attend The Lady Garden Gala
A New York Jury Speaks: Trump’s Company Committed Tax Fraud
5 Georgia Takeaways: Scandals Still Matter, and Trump Faces Blowback
The NFL Playoff Picture Isn’t as Cloudy as Records Make It Seem
Before Beer Became Lager, a Microbe Made a Mysterious Journey
Philly gas station owner hires security guards armed with AR-15s and dressed in kevlar vests
Cop who catfished girl before murdering her family was detained in 2016 for psychiatric evaluation
Democrats Didn’t Just Win Georgia. They secured a firmer grip on the Senate.
Global Partners May End Broad Covid Vaccination Effort in Developing Countries
Schoolgirl raped by teen boy at party in the Blue Mountains accused of fabricating the story
The key statistics about Trump’s endorsement track record this year.
JPMorgan CEO Jamie Dimon says inflation could tip the US economy into a recession next year
Redback spider bite turns into years of hell for Edenhope mum with doctors warning of amputation
Khashoggi killing: US federal court dismisses lawsuit against Saudi Arabian prince Mohammed bin Salman
San Francisco Backtracks on Plan to Allow Police Robots to Use Deadly Force