Retail inflation hits six-year low of 2.82% in May

India's retail inflation saw a significant drop to a six-year low of 2.82% in May, according to government data. Consequently, the RBI revised its FY26 CPI inflation forecast downward to 3.70%. While acknowledging global uncertainties, the RBI projects further easing of price pressures, citing broad-based moderation in inflation over the past six months.