Inflation likely edged up to 5.52% in May, says poll

Higher food and fuel prices pushed inflation up in May, according to a Reuters poll of economists, who said good monsoon rains would temper it in the coming months and give the central bank room to ease further. The survey predicted annual consumer price inflation nudged up to 5.

52 per cent in May from April’s 5.39 per cent. Should that prove correct, it would put inflation further above the Reserve Bank of India’s (RBI) target of around five per cent by March 2017 and four per cent over the medium term and mean it is uncomfortably.....

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