India May CPI jumps to 3.93% as food inflation reaccelerates to 4.78%
Headline retail inflation climbed from 3.48% in April, with food prices the key driver. Core CPI ticked up to 3.80% and restaurants/accommodation hit 5.8%, signaling sticky services pricing. Rural inflation (4.25%) outpaced urban (3.53%), pressuring discretionary retail wallets.
India's May retail inflation rose to 3.93% from 3.48%, driven by food inflation accelerating to 4.78%. Core CPI climbed to 3.8%; restaurants/accommodation hit 5.8%, signaling pricing pressure across consumer categories relevant to retailers.