India retail inflation climbs to 3.93% in May, threatening urban discretionary spend
CPI rose to 3.93% in May from 3.48% in April, with urban inflation outpacing rural. Economists at Crisil, Anand Rathi and Piramal flag mounting pressure from food, fuel and currency over the next six months — a headwind for discretionary retail demand.
India's retail inflation rose to 3.93% in May from 3.48% in April. Economists warn of further pressure from food, fuel and currency, with urban inflation outpacing rural and threatening discretionary consumption demand.