RETAIL FOOD INFLATION eased sharply to 2.91% in May from 3.84% in the previous month and 7.97% in the year-ago month, thanks mainly to the fall in prices of two product categories with the most weight in the relevant index: cereals and milk. Prices of cereals, milk and pulses are, however, still elevated.
Prices of edible oils and meat products also fell, while those of vegetables remained in the deep negative territory.
Food inflation in May was the lowest since November 2021, when it was 1.87%. Inflation in the 'food and beverage' category declined to 3.25% in May from 4.22.% in the previous month.
Diese Geschichte stammt aus der June 13, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der June 13, 2023-Ausgabe von Financial Express Mumbai.
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