India's retail inflation in 12-month low in May

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India's retail inflation in 12-month low in May

STORY: India's retail inflation in 12-month low in May SHOOTING TIME: File DATELINE: June 13, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of food grain STORYLINE: India's retail inflation fell to 4.75 percent in May from 4.83 percent in April, official data showed Wednesday. This was said to be the lowest in the past 12 months. Retail inflation has been under the five-percent mark for three consecutive months starting from March. "Year-on-year inflation rate based on all India Consumer Price Index (CPI) number is 4.75 percent (provisional) for the month of May 2024. Corresponding inflation rate for rural and urban is 5.28 percent and 4.15 percent, respectively," the statistical ministry said. Food inflation was 8.69 percent in May, marginally down from 8.70 percent in April. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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