By Admin 
Retail Inflation News: According to government data released on Friday, India’s retail inflation rate has increased to 3.93% in May. The main reason for this is the rising prices of food items and fuel. Also, due to the ongoing conflict in the Middle East, there is pressure on prices, due to which there is uncertainty regarding inflation. The May figures were slightly below estimates of 4.0% and close to the central bank’s medium-term inflation target.
Fuel prices increased four times in May
These inflation figures have come at a time when government fuel companies increased fuel prices four times in May alone, due to which transportation costs increased. At the same time, the inflation rate of food items increased to 4.78% in May, which is higher than last year’s low level and 4.20% in April.
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Drop in transport related inflation rate
Transport-related inflation increased from a decline of 0.01% in April to 1.75% in May, reflecting the impact of higher retail fuel prices. The Reserve Bank of India has raised its inflation forecast for the current financial year from 4.6% to 5.1% due to higher oil prices and fears of a weak monsoon, and risks related to rupee and current account deficit have also increased.
What happened expensive?
First of all, fuel prices increased, after petrol and diesel, the prices of commercial gas cylinders increased. Which impacted the business a lot. After this, the prices of daily used items also increased continuously. Milk prices increased, bread prices increased, after which recently the prices of domestic gas cylinders have also been increased by Rs 29. Due to which the household budget of the common people has also been completely shaken.
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