{"id":423,"date":"2019-06-13T00:23:15","date_gmt":"2019-06-12T18:53:15","guid":{"rendered":"https:\/\/www.sabguru.com\/en\/?p=423"},"modified":"2019-06-18T11:11:14","modified_gmt":"2019-06-18T05:41:14","slug":"retail-inflation-rate-at-3-05-pc-in-may","status":"publish","type":"post","link":"https:\/\/www.sabguru.com\/en\/retail-inflation-rate-at-3-05-pc-in-may\/","title":{"rendered":"Retail inflation rate at 3.05 pc in May"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>New Delhi |<\/strong> Retail inflation rate rose further to 3.05 per cent in May, the government said on Wednesday.\u00a0Consumer Price Index (CPI)-based inflation was 2.92 per cent in April and 2.86 per cent in March, mainly due to hike in food prices.\u00a0The CPI-based inflation in April was revised marginally upwards to 2.99 per cent from the earlier estimate of 2.92 per cent, the data released by the Ministry of Statistics &amp; Programme Implementation said.<\/p>\n<p style=\"text-align: justify;\">The inflation rate for Food and Beverages stood at 2.03 per cent, while Pan Tobacco and Intoxicants stood at 3.93 percent.\u00a0The inflation rate for Clothing and Footwear for May stood at 1.80 per cent, Housing at 4.82 per cent and Fuel and Light at 2.48 per cent.\u00a0The inflation rate for vegetables stood at 5.46 per cent, while the price of cereals and products grew at the same rate of 1.24 per cent.<\/p>\n<p style=\"text-align: justify;\">The RBI has fixed 4 per cent as a target for inflation rate.\u00a0In its June monetary policy, the RBI cut the interest rate by another 25 basis points (100 basis points equal to one per cent). It was the third successive rate cut by the central bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi | Retail inflation rate rose further to 3.05 per cent in May, the government said on Wednesday.\u00a0Consumer Price Index (CPI)-based inflation was 2.92 per cent in April and 2.86 per cent in March, mainly due to hike in food prices.\u00a0The CPI-based inflation in April was revised marginally upwards to 2.99 per cent from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[139,233],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Retail inflation rate at 3.05 pc in May - Sabguru News English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sabguru.com\/en\/retail-inflation-rate-at-3-05-pc-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail inflation rate at 3.05 pc in May - 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