Experts are of the opinion that slight easing on sequential basis can be attributed to the seasonality and the government’s action, such as substantial excise cut on petrol and diesel, and easing of edible oil prices.Â
The June 6-9 Reuters poll of 45 economists showed inflation measured by the consumer price index (CPI) slipped to 7.10% in May on a year ago, from 7.79% in April.
Costlier fuel, food push retail inflation to 8-year high of 7.79 percent in April - The previous high in the consumer price index (CPI)-based retail inflation was recorded at 8.33 per cent in May 2014.