The Indian Consumer Price Index (CPI) for May 2024 has shown a slight decrease, easing to 4.75% from April's 4.83%, according to the most recent data update on June 12, 2024. This new figure represents a year-over-year comparison for May, as was the case with April's data.
This minor drop reflects a continuation of controlled inflation rates within India, indicating some stability in consumer prices over the past month. Analysts are closely watching these figures to determine the broader economic trajectory and the potential impacts on monetary policy in the coming months.
The latest CPI data highlights the ongoing efforts by the Indian government and the Reserve Bank of India to manage inflationary pressures effectively, keeping the rates within moderate bounds. As the situation develops, stakeholders will be keeping a close eye on future updates and any consequent policy adjustments.
