Retail inflation at 7-month high of 3.05% in May, within RBI's comfort zone

The previous high was in October 2018, when the retail inflation print came in at 3.38 per cent

Retail inflation spiked to a seven-month high of 3.05 per cent in May, remaining within the Reserve Bank of India’s (RBI's) comfort level, as kitchen items like vegetables, meat and fish turned dearer, government data showed on Wednesday.

The consumer price index- (CPI)-based retail inflation for April was revised marginally upwards to 2.99 per cent from the earlier estimate of 2.92 per cent, according to the data released by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation.

Retail inflation stood at 4.87 per cent in May 2018.

The previous high was in October 2018, when the retail inflation