Retail inflation cools to 7.04% in Could, nonetheless above RBI’s goal band for fifth month in a row – The Financial Instances Video

India’s retail inflation got here right down to 7.04% on an annual foundation in Could from 7.79% in April owing to easing meals costs within the month of Could. The general meals inflation grew by 7.97% this month as towards 8.31% final month and 5.01% within the corresponding interval of final fiscal (FY22). Sequentially, the headline inflation slowed to 0.94 per cent in Could from 1.43 per cent in April.