India's May CPI Accelerates to 3.93% as Fuel Costs Rise, Staying Below RBI's 4% Target
Updated
Updated · Bloomberg · Jun 12
India's May CPI Accelerates to 3.93% as Fuel Costs Rise, Staying Below RBI's 4% Target
3 articles · Updated · Bloomberg · Jun 12
Summary
India’s consumer price index rose 3.93% in May from a year earlier, up from 3.48% in April but still below the Reserve Bank of India’s 4% target.
Higher fuel costs tied to disruptions in global energy markets added to price pressures, though the overall reading came in below the 4.02% median estimate in a Bloomberg survey.
The sub-4% print suggests inflation remains relatively contained for now even as energy-driven pressures build, keeping attention on how long that cushion below the RBI target lasts.