CPI inflation slows to 9.31% in May

Despite the falling rupee in May, Consumer Price Index (CPI)- based inflation came down to 9.31% in May from 9.39% in April, according to the data released by Ministry of Statistics and Programme Implementation(MOSPI) today.

In rural and urban areas, also came down with the rate of price rise coming down to 8.98% and 9.65% in May from 9.15% and 9.73% in April respectively.

Food and beverage inflation stood at 10.32% in rural and 11.41% in urban areas which is also low from last month's figure of 10.53% in the former and 10.94% in the latter.