Financial News: India Inflation Climbs To 3.93% In May

India Inflation Climbs To 3.93% In May

06/12/2026 - 08:15:00 (RTTNews)

(RTTNews) - India's consumer price inflation accelerated further in May to the highest level in sixteen months amid higher food costs, the Ministry of Statistics and Programme Implementation said Friday.

The consumer price index registered an increase of 3.93 percent on a yearly basis in May, faster than the 3.48 percent rise in April. The expected inflation rate was 4.0 percent.

Nonetheless, the inflation rate remained slightly below the RBI's medium-term target of 4.0 percent.

Food inflation quickened to 4.78 percent from 4.20 percent. Charges in connection with transport services for goods surged 7.63 percent due to higher logistics and crude oil prices.

Clothing and footwear costs were 2.98 percent more expensive, and housing and utility costs increased 1.73 percent. Data showed that costs related to personal care, social protection and miscellaneous goods and services grew sharply by 18.46 per cent.

Last week, the Reserve Bank of India left its key policy rates unchanged at 5.25 percent and unveiled a slew of measures to attract dollar inflows as the rupee continues to slide amid a mix of surging oil prices, foreign capital outflows from emerging markets and geopolitical risks triggered by the Middle East conflict.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Factory Orders Pull Back Less Than Expected In May (02 hr(s), 17 min(s), 08 sec(s) ago)
(RTTNews) - Reflecting a sharp pullback in new orders for durable goods, the Commerce Department r ...Full Story»

U.S. Jobless Claims Unexpectedly Edge Down To 215,000 (02 hr(s), 34 min(s), 08 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in ...Full Story»

U.S. Job Growth Misses Estimates In June But Unemployment Rate Edges Lower (02 hr(s), 50 min(s), 08 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing employment in the U.S. incr ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Edge Down Slightly (04 hr(s), 38 min(s), 08 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in ...Full Story»

U.S. Employment Rises Much Less Than Expected In June (04 hr(s), 45 min(s), 08 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing employment in the U.S. incr ...Full Story»

Cyprus Inflation Climbs To 32-month High (05 hr(s), 32 min(s), 08 sec(s) ago)
(RTTNews) - Cyprus' consumer price inflation accelerated in June to the highest level in more ...Full Story»

Eurozone House Price Growth Moderates (05 hr(s), 49 min(s), 08 sec(s) ago)
(RTTNews) - Eurozone house prices increased at a slower pace in the first quarter, Eurostat report ...Full Story»

Hong Kong Retail Sales Growth Eases To 7.9% (06 hr(s), 03 min(s), 08 sec(s) ago)
(RTTNews) - Hong Kong's retail sales growth moderated further in May to the lowest level in fo ...Full Story»