India Consumer Inflation Declines in May

Indian annual consumer prices decelerated to 8.28 percent in May of 2014 from 8.59 percent in April. It is the lowest rate in three months as food prices slowed slightly.

Provisional estimates showed food cost rose at a slower 9.4 percent year-on-year in May, down from 9.66 percent in the previous month. Prices of fruit accelerated to 23.17 percent (21.73 percent in April) while cost of vegetables slowed to 15.27 percent (from 17.5 percent). 

Meanwhile, prices of fuel and light decelerated to an annual 5.07 percent (5.96 percent in April) and clothing and footwear cost was marginally higher at 8.86 percent (8.83 percent in the previous period). 

The corresponding provisional inflation rates for rural and urban areas for May of 2014 are 8.86 percent and 7.55 percent.

India Consumer Inflation Declines in May

Joana Taborda |
6/12/2014 6:05:59 PM