pennews
www.pennews.net
WPI Inflation slips to 2-year low at 2.45% in May
Economy

WPI Inflation slips to 2-year low at 2.45% in May

Agency News

New Delhi, June 14: The May wholesale price-based inflation slipped to two-year low at 2.45 per cent compared to 3.07 per cent for the previous month helped by falling prices of food articles, fuel, and power items, the government said on Friday.

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased to 5.10 per cent in May from 4.95 per cent in April this year, according to Commerce and Industry ministry data.

The index for 'Crude Petroleum & Natural Gas' group rose by 3.5 per cent while for Fuel and Power it rose by 0.6 per cent.
The index for 'Mineral Oils' group rose by 1 per cent while for Manufactured products by 0.1 per cent.

The index for 'Manufacture Of Textiles' group rose by 0.3 per cent while for 'Manufacture Of Wearing Apparel' group 0.5 per cent. The index for 'Manufacture Of Pharmaceuticals, Medicinal Chemical And Botanical Products' group rose by 0.9 per cent due to higher price of anti cancer drugs among others.

For the month of March, 2019, the annual rate of inflation based on final index stood at 3.10 per cent as compared to 3.18 per cent respectively as reported on April 15, 2019. (UNI)