Veggies, Pulses Drag Inflation to Record Low of 2.18% in May
In this file photo, a vendor waits for customers at his vegetable stall at a wholesale fruit and vegetable market in Mumbai. (Photo: Reuters/Shailesh Andrade)
New Delhi: Retail inflation fell to a record low of 2.18 per cent in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.
Clothing, housing, fuel and light also saw lower inflation.
Retail inflation dropped to an all time low of 2.18 percent in May.
The CPI based retail inflation stood was at 2.99 percent in April 2017. In May 2016, it was at 5.76 percent. The overall food inflation was in negative territory at (-) 1.05 percent during the month.
Prices of vegetables declined by 13.44 percent and that of pulses and products by 19.45 percent.
Earlier this month, the Reserve Bank had maintained status quo on key lending rate (repo) citing risks to inflation.
Recommended For You
- OnePlus 5 vs OnePlus 3T vs OnePlus 3: What Difference to Expect?
- Mithali Raj Shatters World Record, Slams 7th Consecutive ODI Fifty
- Jagga Jasoos: Katrina, Ranbir Look Adorable in the New Song Jhumritalaiyya
- Hockey World League: India Thrash Pak 6-1, to Face Canada in 5th-6th Playoff
- Jaguar Teases E-pace, to Make Global Debut on July 13th