INDIA'S CPI RETAIL INFLATION DIPS TO 2.82% IN MAY

India’s Consumer Price Index (CPI) Retail Inflation dips to 2.82% in May as against 3.16% in April, marking the lowest since Feb 2019 The early onset of monsoon this year has helped food and vegetables prices to cool off Key highlights: - Cereal prices rose by 4.8% after rising by 5.4% in April - Meat and fish prices declined by 0.4% compared to a decline of 0.4% in the previous month - The inflation rate for milk and milk products was 3.2% compared to 2.7% in the previous month - Inflation in the pulses category contracted by 8.2% after contracting by 5.23% last month - Clothing inflation was at 2.7%, same as a month ago - Housing prices went up by 3.2% compared to 3% last month - Fuel and light inflation was 2.8% compared to 2.9% in April Companies that stand to gain from low CPI data are