National Statistics Office (NSO) reports retail inflation at 3.93 per cent for May

Key facts

• The National Statistics Office (NSO) reported India's retail inflation rate for May at 3.93 per cent, up from 3.48 per cent in April, marking the fifth print under the updated 2024 Consumer Price Index (CPI) series.
• The Consumer Food Price Index (CFPI) rose to 4.78 per cent in May from 4.2 per cent in April, driven by price increases in tomatoes (48.43 per cent), coconut (44.36 per cent), and ginger (32.49 per cent).
• Rural inflation increased to 4.25 per cent in May from 3.74 per cent in April, while urban inflation rose to 3.53 per cent from 3.16 per cent.
• The transport division recorded a rise of 1.75 per cent in May, compared to -0.01 per cent in the preceding month.
• The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) upgraded its inflation forecast for FY27 to 5.1 per cent from the previous estimate of 4.6 per cent.