WPI inflation cools to 0.39% in May, lowest in 14 months

The Wholesale Price Index (WPI) eased to a 14-month low in May, falling to 0.39% from 0.85% in April, driven by declining prices of energy and primary articles.

- FE BUREAU

INFLATION MEASURED BY the Wholesale Price Index (WPI) eased to a 14-month low in May, falling to 0.39% from 0.85% in April, driven by declining prices of energy and primary articles.

Among the three key components of the index, there was a contraction in the prices of primary articles (-2.02%) and fuel and power (-2.27%). Inflation in manufactured products stood at 2.04%, lower than in the previous two months, according to data released by the ministry of commerce and industry. Retail inflation, based on the consumer price index (CPI), also moderated to 2.82% in May, down from 3.16% in April. This marked the lowest reading since February 2019.