Amid agri unrest, May retail inflation at another low of 2.18%

Food prices entered a deflationary zone in May, with Consumer Food Price Index at minus 1.05%

Retail inflation for the month of May hit another series-low, coming down to 2.18 per cent. Consumer Price Index-based inflation was 2.99 per cent in April and 5.76 per cent in May last year.

Food prices entered a deflationary zone in May, with the Consumer Food Price Index at minus 1.05 per cent, against 0.61 per cent this April and 7.47 per cent in May last year, official data showed on Monday.

The headline figure of 2.18 per cent is the lowest since the series was introduced with a new base year in January 2015. This is a second month