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WPI inflation rises to 0.79 per cent in May

Hardening of WPI food inflation follows the trend of retail inflation released on Monday

Policy Pulse
Publish Date: Jun 14 2016 1:49PM | Updated Date: Jun 14 2016 1:49PM

WPI inflation rises to 0.79 per cent in May

Wholesale Price Index (WPI) in May this year increased to 0.79 percent as compared to 0.34 percent in preceding month and -2.20 per cent during corresponding month of previous year.

 
In meantime, March WPI inflation revised to -0.45 per cent from -0.85 percent. Wholesale food prices last month rose 7.88 per cent year-on-year, compared with a provisional 4.23 percent gain in April.
 
Prices of meat, fish and egg increased by 9.75 per cent and in fruits increase was 3.80 percent. 
 
But onion continued to witness dip at (-)21.70 per cent in May. Manufactured products inflation too rose 0.91 per cent from 0.71 per cent in April. 
 
Hardening of WPI food inflation follows the trend of retail inflation released on Monday.
 
Retail inflation touched a 21-month high of 5.76 percent in May mostly because of increasing prices of food items.