REUTERSIndia's retail inflation rate eased slightly in May, partly helped by fall in fuel prices although food prices remained elevated, government data showed on Wednesday. Annual retail inflation in May was 4.75%, down from 4.83% in April and lower than 4.89% forecast by 50 economists polled by Reuters. Moderation in inflation was led by a moderation in core inflation and a decline in fuel inflation," Swati Arora, economist at HDFC Bank said. The inflation rate for cereals was 8.69% year-on-year in May, compared with 8.63% in the previous month. Vegetable prices rose 27.3% in May, against 27.8% in the previous month.
