The Ministry of Statistics and Programme Implementation, India's headline retail inflation rate eased to which percent in May?

• A. 7.02
• B. 7.03
• C. 7.05
• D. 7.04

Answer: (D)

The Ministry of Statistics and Programme Implementation, India's headline retail inflation rate eased to 7.04 percent in May from April's near-eight-year high of 7.79 percent thanks to a favourable base effect.