India's retail inflation falls to 4.25 pct in May

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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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