India’s retail inflation edges up to 5.76 percent in May

Mumbai, June 13: India’s annual consumer price inflation edged up for the second straight month to 5.76 percent in May, driven by higher prices of food and fuel products, government data showed on Monday.

Economists surveyed by Reuters had forecast retail inflation to inch up to 5.52 percent in May. This compares with an upwardly revised 5.47 percent in April.

Food inflation picked up to 7.55 percent in May from an upwardly revised 6.40 percent in the previous month.

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