India retail inflation likely rebounded to 5.30per cent in May: Reuters poll Toggle share menu
Advertisement
India retail inflation likely rebounded to 5.30per cent in May: Reuters poll
FILE PHOTO: A woman shops inside the Big Bazaar retail store in Mumbai, India, November 25, 2020. REUTERS/Niharika Kulkarni
09 Jun 2021 06:05PM (Updated:
09 Jun 2021 06:10PM) Share this content
Bookmark
BENGALURU: India s retail inflation likely rose last month after a three-month low in April, lifted by higher food and energy prices, but stayed within the Reserve Bank of India s target range for the sixth consecutive month, a Reuters poll found. In April, the retail prices of petroleum products were kept unchanged because of multiple state elections being held then, despite rising crude prices, said Kunal Kundu, India economist at Societe Generale.
3 Min Read
BENGALURU (Reuters) - India’s retail inflation likely rose last month after a three-month low in April, lifted by higher food and energy prices, but stayed within the Reserve Bank of India’s target range for the sixth consecutive month, a Reuters poll found.
FILE PHOTO: A woman shops inside the Big Bazaar retail store in Mumbai, India, November 25, 2020. REUTERS/Niharika Kulkarni
“In April, the retail prices of petroleum products were kept unchanged because of multiple state elections being held then, despite rising crude prices,” said Kunal Kundu, India economist at Societe Generale.
“But immediately thereafter, the retail prices were increased about seven times in May itself, which led to substantial shooting up of this inflation component.”
India s retail inflation likely rose last month after a three-month low in April, lifted by higher food and energy prices, but stayed within the Reserve Bank of India s target range for the sixth consecutive month, a Reuters poll found. In April, the retail prices of petroleum products were kept unchanged because of multiple state elections being held then, despite rising crude prices, said Kunal Kundu, India economist at Societe Generale. But immediately thereafter, the retail prices were increased about seven times in May itself, which led to substantial shooting up of this inflation component. The June 4-9 poll of 40 economists showed consumer price inflation rose to 5.30% in May from a year ago, after dipping to a three-month low of 4.29% in April.
By Vuyani Ndaba JOHANNESBURG (Reuters) - Emerging market strategists were cautiously optimistic that the sector's commodity-linked currency rally woul.
By Danilo Masoni and Julien Ponthus MILAN/LONDON (Reuters) - European stocks look set to hold around or inch just above current record levels as the i.