For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

May CPI stubbornly high at 9.31%

|
May CPI stubbornly high at 9.31%
The consumer price inflation continued to remain stubbornly high with the figure for May coming in at 9.31%.
 

Analysts had hoped for CPI under 9%, which would have raised the prospects of a rate cut by the RBI in its policy meet later this month.

"Provisional annual inflation rate based on all India general CPI (Combined) for May 2013 on point to point basis (May 2013 over May 2012) is 9.31% as compared to 9.39% (final) for the previous month of April 2013," a government release stated.

The corresponding provisional inflation rates for rural and urban areas for May 2013 are 8.98% and 9.65% respectively. Inflation rates (final) for rural and urban areas for April 2013 are 9.16% and 9.73% respectively.

GoodReturns.in

Read more about: cpi
Story first published: Wednesday, June 12, 2013, 11:24 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more