19 June 2024 Punjab Khabarnama : In May, retail inflation eased to a one-year low of 4.75 per cent, from 4.83 per cent in April 2024. It was 4.31 per cent in May 2023. While core inflation stood at 3 per cent, food inflation was at 7.9 per cent in May.
Reserve Bank of India Governor Shaktikanta Das on Tuesday said although inflation has eased, the pace of moderation is very slow mainly due to sticky food inflation.
Das, however, said he is confident of achieving the 4 per cent target for consumer price-based inflation (CPI).