Business & Finance
India Inflation Accelerates to 3.93%, Stays Below RBI Target
Key Points
India Inflation Accelerates to 3.93%, Stays Below RBI Target India’s inflation accelerated in May but remained below the Reserve Bank of India’s 4% target, even as higher fuel costs stemming from disruptions in global energy markets added to price pressures. The consumer price index rose to 3.93% in May from a year earlier, data from the Ministry of Statistics and Programme Implementation showed Friday, lower than the median estimate of 4.02% in a Bloomberg survey of economists. Inflation...
India Inflation Accelerates to 3.93%, Stays Below RBI Target
India’s inflation accelerated in May but remained below the Reserve Bank of India’s 4% target, even as higher fuel costs stemming from disruptions in global energy markets added to price pressures.
The consumer price index rose to 3.93% in May from a year earlier, data from the Ministry of Statistics and Programme Implementation showed Friday, lower than the median estimate of 4.02% in a Bloomberg survey of economists. Inflation accelerated 3.48% in April.
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