Milk inflation is still stubbornly high at 10.9% in May

India’s consumer inflation could moderate further from April’s 18-month low of 4.7%, with food price rise likely to have cooled further in May even as prices of some items like milk, rice and pulses moved up on a month-on-month basis, economists reckoned. The National Statistical Office will release the Consumer Price Index (CPI) for May next […]