India CPI hits 3.93% in May as food inflation flares to 4.78%, squeezing QSR and grocery baskets
Food CPI rose 4.78% and restaurant/accommodation inflation hit 5.75% in May, with tomato up 48% and ginger up 32% YoY. LPG cylinders rose Rs 29, pressuring QSR menu economics and household grocery wallets even as RBI holds repo at 5.25% against a 5.1% inflation forecast.
India CPI inflation rose to 3.93% in May with food inflation at 4.78% and restaurant/accommodation prices up 5.75%, signaling input-cost pass-through pressuring QSR menus, grocery baskets and consumer wallets across Indian retail.