Retail inflation rises to 6.3 per cent in May this year, mainly on account of higher prices of food and energy items

Retail inflation rose to 6.3 per cent in May this year, mainly on account of higher prices of food and energy items. Retail inflation for May hit a six-month high. As per the Ministry of Statistics and Programme Implementation data released today, the food inflation, increased to 5.01 per cent in May as compared to 1.96 per cent in April.   The CPI inflation had eased to a three-month low of 4.23 per cent in the month of April on the back of reduction in food prices.   RBI maintains retail infla...