New Delhi, June 13 -- India's retail inflation dropped to its lowest level in over six years during May, reaching 2.8 per cent as food prices declined significantly across multiple categories.

The consumer price index data released by the National Statistics Office on Thursday marked the fourth consecutive month that inflation remained below the Reserve Bank of India's 4 per cent target threshold.

The May inflation figure represents a notable decrease from April's 3.2 per cent rate and stands as the lowest year-on-year inflation recorded since February 2019.

Food inflation contributed substantially to this decline, falling to approximately 1 per cent in May with a sharp 79 basis point reduction from the previous month. This food inflat...