WPI inflation dips to 14-month low

Wholesale price inflation (WPI) declined to a 14-month low of 0.39 per cent in May on easing prices of food articles and fuel, and experts said geopolitical tensions could push up prices.

- PRESS TRUST OF INDIA

WPL-based inflation was 0.85 per cent in April. It was 2.74 per cent in May last year.

In a statement, the industry ministry said the inflaton in May is in positive zone primarily due to "increase in prices of manufacture of food products, electricity, other manufacturing, chemicals and chemical products, manufacture of other transport equipment and non-food articles". According to the WPI data, food articles saw a deflation of 1.56 per cent in May, against a deflation of 0.86 per cent in April, with vegetables, onion, potato and pulses seeing negative inflation.