New Delhi, June 6 -- India's retail inflation is expected to have eased further to 3% or below in May-its lowest since April 2019-driven by higher supplies of tomatoes, onions, and potatoes, softer global gold prices, and a favourable base effect, economists said.
That would mark a fourth consecutive month ofsub-4% print, extending a streak of continuous easing after several months of elevated inflation because of stubborn food prices.
The consumer inflation reading for May is likely to fall to 2.7% primarily due to a drop in food inflation, Dipanwita Mazumdar, economist atBank of Baroda, said in a recent note.
"Even globally, food and energy prices remain in favour. Q1FY26 also has the advantage of a favourable base for the inflation ...
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