India's WPI inflation eases to 14-month low of 0.39 pc in May

India's annual rate of inflation based on the Wholesale Price Index (WPI) eased further to a 14-month low of 0.39 per cent in May from 0.85 per cent in April and 2.05 per cent in March, according to data released by the Ministry of Commerce and Industry on Monday.

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The month-over-month change in WPI inflation during May stood in the negative zone at (-) 0.06 per cent as compared to the previous month of April, reflecting the declining trend in inflation.

There was a decline in prices of food as well as fuels such as petrol and diesel during the month compared to the previous month, which resulted in the overall month-on-month inflation rate turning negative.