Retail inflation jumps to 6-month high of 6.3% on higher food, fuel prices

Breaches RBI's comfort level in May on the back of costlier food items

Retail inflation accelerated to a six-month high of 6.3 per cent in May, breaching the upper tolerance limit of the inflation target range set by the Reserve Bank of India’s monetary policy committee.
 
Data released by the Ministry of Statistics and Programme Implementation, on Monday, showed that higher inflation was driven by higher prices across sectors — including food, fuel, transportation and communication.
 
Retail inflation, measured by the consumer price inflation (CPI) index, is the main price gauge that the RBI tracks.The jump could also be attributed to the high base of May 2020 (at 6.27 per cent),