08-June-2026
Economy News
 
India inflation likely rose to 4% in May as food, fuel costs climb
08-Jun-2026

India's inflation likely rose to the Reserve Bank of India's medium-term target of 4% in May, driven by a pickup in vegetable prices and higher fuel costs following the U.S. and Israel war against Iran, a Reuters poll of economists showed. Inflation has remained below the RBI's 4% target for 15 consecutive months. But that benign trend is unlikely to continue, with state-owned fuel retailers raising fuel prices four times in May alone, pushing up transport costs, while food inflation continued to rise from last year's low levels.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/india-inflation-likely-rose-to-4-in-may-as-food-fuel-costs-climb/articleshow/131581652.cms