India’s Retail Inflation Climbs To 3.93% In May As Food, Fuel Costs Push Prices Up; Experts Warn Of 6% Peak Ahead

India’s retail inflation rose to 3.93% in May from 3.48% in April, with NSO citing food and non-food pressures, with the experts expecting it to hit 5.1% this fiscal and possibly breach 6%, though RBI may stay less hawkish if core inflation stays near 4%.