Photo: Pradeep Gaur/MintNew Delhi: Consumer price inflation accelerated at the fastest pace in 21 months in May, data released on Monday showed, darkening India’s macroeconomic outlook. Food inflation rose sharply in the month to 7.55% from 6.4% a month ago, with vegetable price inflation touching double digits at 10.77% against 4.82% in April. Moreover, incoming data on the distribution of rainfall and pace of sowing may dampen food inflation,” she added. Last week, RBI warned against rising inflation in its monetary policy review while leaving policy rates unchanged. Food inflation in rural India outpaced that in urban India, accelerating to 7.75%.

Source: Mint June 13, 2016 12:20 UTC