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India's wholesale inflation rate falls to 2.45% in May, 2019

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India's wholesale inflation rate, based on the monthly Wholesale Price Index (WPI), with base 2011-12=100, fell to 2.45 per cent for the month of May, 2019 as compared to 3.07 per cent for the previous month and 4.78 per cent during the same month of the previous year, thanks to a decline in the prices of manufactured items and transportation fuels, provisional data released here today showed.
 
An official press release, citing the data, said the WPI for 'All Commodities' (Base: 2011-12=100) for May, 2019 rose by 0.2%t to 121.2 from 120.9 for the previous month.
 
The build-up inflation rate in the financial year so far was 1.08% compared to a build up rate of 1.72% in the corresponding period of the previous year.
 
According to the release, the rate of inflation based on the WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 4.95% in April, 2019 to 5.10% in May, 2019.
 
The release said that, for the month of March, 2019, the final Wholesale Price Index for 'All Commodities' (Base: 2011-12=100) stood at 119.9 as compared to 120 reported provisionally on April 15.
 
Accordingly, the annual rate of inflation for March, based on the final index, stood at 3.10% as compared to 3.18% reported on that date, it added.
 
NNN

(Our News Desk can be contacted at desk@netindian.in)

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