India's retail inflation rose to 3.93% in May, up from 3.48% in April, driven by rising food and fuel prices due to West Asian conflicts. Food inflation surged to 4.78%, and transportation costs increased following multiple fuel price hikes. While the current situation is within RBI's control limits, the central bank has raised its annual inflation forecast to 5.1% due to concerns over crude oil prices and a weak monsoon, which might lead to an interest rate hike in October. https://otvkhabar.in/business/inflation-rises-to-393-for-may-as-west-asia-conflict-pushes-up-fuel-and-food-prices-12031591 #creator program