https://www.taxtmi.com/news?id=73316 Retail inflation rose to 3.93 per cent in May, driven by higher food prices, while CPI food inflation increased to 4.78 per cent. The Reserve Bank of India factors CPI inflation in monetary policy and has a mandated headline inflation target of 4 per cent with a 2 per cent tolerance band. The RBI also raised its inflation projection, citing mounting input costs and the pass-through of higher global energy prices to retail petrol and diesel prices. en-us Fri, 12 Jun 2026 16:31:04 +0530 Fri, 12 Jun 2026 16:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73316 Retail inflation rose to 3.93 per cent in May, driven by higher food prices, while CPI food inflation increased to 4.78 per cent. The Reserve Bank of India factors CPI inflation in monetary policy and has a mandated headline inflation target of 4 per cent with a 2 per cent tolerance band. The RBI also raised its inflation projection, citing mounting input costs and the pass-through of higher global energy prices to retail petrol and diesel prices. News - Fri, 12 Jun 2026 16:31:04 +0530 https://www.taxtmi.com/news?id=73316