Retail inflation in India falls to 3-month low of 8.28 pct in May

Jun 12 2014, 19:39 IST
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Food inflation also fell slightly to 9.56 per cent in May against 9.66 per cent in April. (PTI) Food inflation also fell slightly to 9.56 per cent in May against 9.66 per cent in April. (PTI)
SummaryThe retail inflation, measured on consumer price index (CPI), was 8.59 per cent in April.

than 55% of the GDP is composed of private spending, a significant demand push is necessary for any sustained recovery in the business cycle. We expect the Reserve Bank of India to take cognizance of the elusive growth situation now and embark upon a much needed softer interest rate regime. The only positive development underway so far is improving sentiment among consumers and investors, alike, riding on firm expectations from a stable central government.

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