For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

India's Wholesale Inflation Falls To 2 Year Low Of 2.45% In May

|

Wholesale inflation measured by WPI index for the month of May dropped to an almost 2-year low, hitting levels of 2.45% in comparison to 3.07% in April. For the month of March, the Ministry of Commerce and Industry has revised WPI inflation from 3.18 percent to 3.1%.

India's Wholesale Inflation Falls To 2 Year Low Of 2.45% In May
 

The core inflation for May came in at 1.2% as against 1.9% in the preceding month. Food inflation on a wholesale basis registered a growth to 5.1% in comparison to 4.95% in April. On the other hand, vegetable inflation dropped from 40.65% in April to 33.15% during the period under review.

Primary articles WPI inflation also slipped to 6.16% as against 6.5% in April.

Fuel and power inflation also dropped significantly from 3.84% in April to 0.98% in May.

Inflation in non-food articles jumped to 6.23% versus 5.23% in April.

Notably, retail inflation in May climbed to a 7-month high of 3.05% as kitchen items including vegetables, fish and meat became expensive.

On June 6, the RBI in its second bi-monthly MPC meet raised the inflation target to 3-3.1 percent from 2.9-3 percent for the H1FY20.

GoodReturns.in

Read more about: inflation wpi
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more