<p>India's annual consumer price inflation (CPI, or retail inflation) slowed for the third straight month in May to 9.31 per cent, government data showed on Wednesday.<br /><br /></p>.<p> Consumer prices rose an annual 9.39 per cent in April.<br /><br /> Food prices for consumers rose an annual 10.65 per cent in May, slightly faster than an annual rise of 10.61 per cent in April.<br /><br /> Unlike most central banks, the Reserve Bank of India mainly uses the wholesale price index (WPI) for setting up its monetary policy.</p>
<p>India's annual consumer price inflation (CPI, or retail inflation) slowed for the third straight month in May to 9.31 per cent, government data showed on Wednesday.<br /><br /></p>.<p> Consumer prices rose an annual 9.39 per cent in April.<br /><br /> Food prices for consumers rose an annual 10.65 per cent in May, slightly faster than an annual rise of 10.61 per cent in April.<br /><br /> Unlike most central banks, the Reserve Bank of India mainly uses the wholesale price index (WPI) for setting up its monetary policy.</p>