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India's core consumer inflation seen at around 4.2 percent in May
June 12, 2017 / 12:19 PM / 2 months ago

India's core consumer inflation seen at around 4.2 percent in May

A labourer unloads sweet limes from a truck at a wholesale fruit and vegetable market in Mumbai, India, February 13, 2017Shailesh Andrade/Files

MUMBAI (Reuters) - India's core consumer price inflation, which excludes food and energy prices, eased to around 4.2 percent in May from around 4.4-4.5 percent in April, according to estimates from three analysts.

Data earlier showed India's annual consumer price inflation eased to a lower-than-expected 2.18 percent in May from 2.99 percent in April, driven down by cooling food prices.

Reporting by Suvashree Dey Choudhury and Abhirup Roy; Editing by Biju Dwarakanath

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