Retail inflation hits 5-month high of 5% in June
Consumer or retail inflation accelerated to 5% to hit a five-month high in June this year, well above May's 4.87%, majorly due to rise in the fuel prices. This is the eighth straight month that consumer inflation has remained above the Reserve Bank of India's 4% target. Furthermore, the factory output growth slipped to 3.2% in May from April's 4.9%.