Retail Inflation in India Expected to Fall to 4% in May Due to Lower Food Prices.

India’s headline retail inflation is expected to continue its downward trend towards 4%, the midpoint of the Reserve Bank of India’s (RBI) target range, according to economists.

This decline is largely attributed to lower food prices, which account for nearly half of the overall consumer price basket.

Inflation in April had already fallen to an 18-month low of 4.7%, from 5.66% in the previous month, due to moderation in food prices.