India retail inflation climbs to 3.93% in May as food, fuel costs bite
CPI quickened from 3.48% in April but stayed below RBI's 4% target for a 16th straight month. Food inflation hit 4.78%, with tomato prices surging 48.43%. Repo rate held at 5.25%; FY27 forecast pegged at 5.1%.
India's retail inflation rose to 3.93% in May from 3.48% in April on higher food and fuel costs, staying below RBI's 4% target for the 16th straight month. Food inflation hit 4.78%; tomato prices surged 48.43%.
Why this matters
Inflation uptick follows RBI's own urban consumer confidence survey showing discretionary spend turning negative, signaling tighter household budgets even as headline CPI stays under target.
Retail-company signals steady at 2,771 over the past 90 days.