Consumer Price Index
The govt must act to quickly rein in the runaway inflation before it inflicts further distress on people and erodes the demand, making an equitable recovery even more difficult
Food inflation stood at 5.26 per cent last month against 4.78 per cent in April 2021 and 5.88 per cent in the corresponding month a year ago.
As per the data released by the National Statistical Office (NSO), inflation in the food basket was 5.01 per cent in May, significantly up from 1.96 per cent in the preceding month.
Inflation based on food index of CPI-AL and CPI-RL is at 1.55 per cent and 1.85 per cent respectively in February 2021, a labour ministry statement said.
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