Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) decreased further to 5.2 per cent in May 2020 from 5.9 per cent in April 2020. This was mainly driven by the statistical effect of the high base prevailed in May 2019. Meanwhile, Food inflation (Y-o-Y) declined to 11.1 per cent in May 2020 from 12.2 per cent in April 2020 and Non-food inflation (Y-o-Y) also declined to 0.8 per cent in May 2020 from 1.1 per cent in April 2020.
The change in the NCPI measured on an annual average basis increased marginally to 5.2 per cent in May 2020 from 5.1 per cent in April 2020.
Published Date:
Monday, June 22, 2020