That inflation print will likely offer more scope for the Reserve Bank of India to continue cutting the interest rates.

U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents.

The latest figures suggest tariffs haven’t impacted prices yet, but economists say that could change in coming months.

U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents.

The Fed's preferred inflation gauge, the PCE index, showed that price growth eased in April as inflation numbers trended closer to the central bank's target.

The decline in retail inflation is mainly because food prices rose at a much slower pace than before. Cheaper vegetables, fruits, cereals, and pulses helped bring food inflation down sharply. In May,

Investors were cheering the below-forecast inflation reading for May, but it might be premature to assume that President Donald Trump’s aggressive tariffs could have limited impact on inflation, according to Seema Shah,