The retail inflation has shot up to 6.3% in May after it remained low till 4.3% in April, according to the latest data released by the government on Monday.

The main factors which led to the sharp increase in retail inflation are considered to be food and fuel prices. Notably, retail inflation is measured by the Consumer Price Index (CPI), and this time it has crossed the target range of 2-6 percent set by the Reserve Bank of India for the first time in five months.

Earlier when an eminent news agency Reuters conducted a poll to assess the retail inflation for May it suggested May that it would be 5.30%.

However, food inflation in this month rose to 5.01 percent against 2.02 percent in April. Moreover, the core inflation stands at 6.6 percent.

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According to the experts, the second wave of Covid-19 has severely impacted lower and middle-income families.

Over the past few months, the price of several commodities including petrol and diesel, edible oil, and other FMCG products have extremely swollen up in May.

The retail inflation in food and beverages in May stood at 5.24% while for the fuel and light category, it remained higher than April at 11.58%.