Veggies, Pulses Drag Inflation to Record Low of 2.18% in May
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.
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.
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