India's consumer price inflation at a 6-month high of 6.0% in May
15 Jun 2021
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Consumer price inflation in the country, based on the consumer price index, broke through the 4+/- 2 per cent ceiling set by the Reserve Bank of India and rose to a six-month high of 6.30 per cent in May 2021, from a low of 4.29 per cent in April, on the back of rising prices of fuels and edible oils.
Data released by the Central Statistics Office (CSO) showed that consumer price inflation that hit a high of 5.52 per cent in March showed a downward trend in April only to climb up to 6.30 per cent in May 2021.
Consumer price inflation for rural areas stood at 6.48 per cent in May 2021 against 3.82 per cent in April.
Consumer price inflation for urban areas declined to 6.04 per cent in May 2021 against 4.77 per cent in April.
Food price inflation rate rose to 4.52 per cent in May 2021 from its low of 2.02 per cent in April.
Food price inflation for rural areas rose to 4.52 per cent in May 2021 from a low 1.45 per cent in April.
Food price inflation for urban areas rose to 5.97 per cent in May 2021 from a low 3.15 per cent in April.
The rising trajectory of global crude prices and a broad-based surge in international commodity prices and logistics costs is having an impact on core prices, although weak demand conditions may temper the pass-through to consumer inflation to some extent.
