<ul data-eligibleForWebStory="false"><li>Retail inflation in May was at a 75-month low of 2.82% and is expected to have further decreased in June due to ease in food prices from a robust spring harvest hitting the markets.</li><li>Food inflation based on the All India Consumer Food Price Index in May was at 0.99%, representing a significant decline of 79 basis points compared to April, with the lowest food inflation since October 2021.</li><li>Inflation in India is expected to align with the Reserve Bank of India's projection in the first quarter, marking the longest period in nearly six years that inflation has been below the medium-term target of 4%.</li><li>Core inflation is projected to have slightly increased in June to 4.5% from 4.2% in May, driven by the rise in prices of gold and other items, indicating steady demand.</li></ul>

Retail inflation likely to have dipped further below 2.8% in June

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