Inflation up 3.05 percent in May and IIP growth up 3.4 percent in April 2019
Inflation up 3.05 percent in May and IIP growth up 3.4 percent in April 2019 The Consumer Price Index(CPI) Inflation in May 2019, increased to 3.05 percent, but IIP growth were up 3.4 percent in April this year. The Retail Inflation(CPI) was at 2.92 percent in the month of April. Retail Inflation in the month of May 2019, which is the highest in the last seven months. This is said to have risen due to higher Food prices. Earlier, the inflation for April 2019 was revised upwards to 2.99 percent from the 2.92 percent. However the inflation rate remains within 4 percent of the RBI Policy for the past ten months. India's average inflation were stands at 6.11 percent since the year 2012. Meat and Fish prices were increased to 8.12 percent and Vegetables at 5.46 percent in May 2019. Oil and Fat product prices were increased to 0.91 percent, but Fruits fell down to 5.17 percent during the same month. Housing inflation rose in May, but the cost of Clothing and Footwear declined. The Indust...