India's consumer inflation may rise in May due to surging food costs, according to a Reuters poll.
India's consumer inflation may have ended its four-month decline in May due to surging food costs, according to a Reuters poll of 50 economists. Food prices, comprising nearly half of the CPI basket, have outpaced overall inflation. The Reserve Bank of India may not cut interest rates for several months due to this development. The poll predicted a 4.89% CPI in May, up from 4.83% in April.
June 10, 2024
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