SUBSCRIBERS
Cooling food prices send India's inflation to its lowest since 2012
Published Mon, Jun 12, 2017 · 09:50 PM
New Delhi
INDIA'S retail inflation eased to the lowest level in at least five years in May on cooling food prices, bolstering hopes for an interest rate cut by the central bank later this year.
Consumer prices rose by an annual 2.18 per cent last month, compared with a 2.99 per cent gain in April, data released by the Ministry of Statistics showed on Monday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations