Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month

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.

India’s inflation eased further in May, marking a seventh consecutive monthly decline and validating the central bank’s unexpectedly large interest rate cut last week.

(Reuters) - India's annual retail inflation slowed to 2.82% in May from 3.16% in May on the back of a slower rise in food prices, government data showed on Thursday. The inflation print was below economists' estimate of 3% in a Reuters poll.

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

India’s retail inflation stayed below the Reserve Bank’s 4% target for the fourth straight month in May on easing food prices, reinforcing the case for last week’s surprise 50 basis point interest rate cut by the central bank.