WORLD India's wholesale price inflation rate slips in May

WORLD

India's wholesale price inflation rate slips in May

Xinhua

22:44, June 14, 2019

NEW DELHI, June 14 (Xinhua) - The wholesale price-based inflation in India slipped to 2.45 percent in May from 3.07 percent in the previous month, according to an official data released Friday.

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File photo: VCG

Wholesale inflation measured by the Wholesale Price Index (WPI) was 4.78 percent in May 2018, according to the data.

Build up inflation rate in the financial year so far was 1.08 percent as compared to a build up rate of 1.72 percent in the corresponding period of the previous year, it said.

The index for 'Food Articles' group remained unchanged at its previous month level of 150.1 while that of 'Non-Food Articles' group' rose by 0.9 percent to 127.8.

The index for 'Minerals' group declined by 4.2 percent to 138 and crude petroleum and natural gas group rose by 3.5 percent to 92.8, the report said.

Moreover, for the month of March, the final WPI for all commodities stood at 119.9 as compared to 120 and annual rate of inflation based on final index stood at 3.10 percent as compared to 3.18 percent respectively. 

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