Inflation falls to 5.5 year low, close to RBI’s lower limit for H1-FY17, Industrial Production rises

Inflation falls to 5.5 year low, close to RBI’s lower limit for H1-FY17, Industrial Production rises

India’s annual Consumer Price Index (CPI) inflation for May fell to 2.18% from 2.99% in April, moving towards the lower limit of the 2.0 to 3.5 % range forecasted by the RBI for the first half of the current Fiscal Year. “Thus, the April reading has imparted considerable uncertainty to the evolving inflation trajectory, especially […]

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