India inflation likely rose to 4% in May as food, fuel costs climb

Economic Times

India inflation likely rose to 4% in May as food, fuel costs climb

India's inflation likely climbed to the Reserve Bank of India's 4% target in May, driven by rising vegetable prices and increased fuel costs. This trend marks a shift from the previous 15 months of below-target inflation, with economists anticipating further upward pressure due to elevated wholesale prices and potential monsoon impacts.

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