Wholesale price inflation reduced to 2.45% in May compared to the corresponding month the previous year, government data showed on Friday. The wholesale price index-based inflation was at 3.07% in April. It was 4.78% in May 2018.
The inflation rate for May is the lowest since July 2017, according to PTI.
WPI inflation in primary articles fell to 6.16% against 6.50% in April. Fuel and power inflation declined to 0.98% as against 3.84% in April. Manufactured items too saw a decline in prices with inflation at 1.28% in May, against 1.72% in April.
Vegetables saw the biggest rise in wholesale prices, with the wholesale inflation rate at 33.15%, while potato prices reduced by as much as 23.36%.
Prices of non-food articles rose by 6.23% in May compared to 5.23% the previous month. The prices of liquefied petroleum gas rose by as much as 13.26%, while petrol became cheaper by 1.02%.
On Wednesday, the government said the consumer price inflation rate rose marginally to 3.05% in May. The Consumer Price Index inflation for the month of April stood at 2.99%. Data showed that food prices grew 1.83% in May compared to 1.1% in April. The data showed that CPI-based inflation remained under the Reserve Bank of India’s target level of 4%.
The government also revised the WPI inflation data for March, and pegged it at 3.10%.