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India inflation likely to have hit six-month low in May: Reuters poll

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BENGALURU : India consumer price inflation is likely to have moderated to a six-month low in May on a softer rise in food prices as supply disruptions eased after businesses reopened from the coronavirus lockdown in many parts of the country, a Reuters poll found.The June 4-9 poll of 35 economists showed that the consumer price index (CPI) was forecast to rise to 5.50% in May compared with a year ago.Government statistics for April headline data were not published because of the lockdown, so the latest comparable figure is for March, which was revised down to 5.84% from 5.91% initially.But some economists believe the May inflation data, scheduled for release on June 12 at 1200 GMT, will also be cancelled.If publication goes ahead and the.

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