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India’s Consumer Price Index rises by 3.93% YoY in May, misses 4% estimates

Source Fxstreet

India’s Consumer Price Index data for May has come in at an annualized pace of 3.93% in May, slower than 4% estimates, but higher than the previous reading of 3.48%.

Economic Indicator

Consumer Price Index (YoY)

The India Consumer Price Index released by the Ministry of Statistics and Programme Implementation measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends. A high reading is positive (or bullish) for the INR, while a low reading is negative (or bearish).

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