wholesale price index based inflation It has come down to minus 3.48 percent in May. This is its lowest level in three years. Wholesale inflation came down mainly due to lower prices of food items, fuel and manufactured goods.
Wholesale inflation below zero for the second consecutive month
This is the second consecutive month when the Wholesale Price Index based inflation is below zero. In April it was at (-) 0.92 percent. Wholesale inflation in May 2022 stood at 16.63 percent. The inflation figure for May 2023 is the lowest in three years. Earlier in May, 2020, the wholesale inflation stood at (-) 3.37 percent.
Food inflation eases to 1.51 per cent
According to government data, food inflation eased to 1.51 per cent in May. It was at 3.54 percent in April. The decline in wholesale inflation in May was mainly due to lower prices of mineral oils, basic metals, food products, textiles, non-food articles, crude petroleum and natural gas, chemicals and chemical products, the commerce and industry ministry said on Wednesday. Is.’
Inflation in fuel and power segment declined to (-) 9.17 percent in May
Inflation in the fuel and power segment declined to (-) 9.17 per cent in May. In April it was 0.93 percent. Inflation in manufactured products stood at minus 2.97 per cent in May. It was minus 2.42 percent in April. Retail inflation has also come down to a 25-month low of 4.25 per cent in May.