Wholesale Inflation Quickens To 14-Month High Of 4.43% In May


The annual wholesale inflation for the month of May rose to 4.43 per cent as compared to 3.18 per cent in April and 2.26 per cent during the corresponding month of last year, provisional government data showed on Thursday.
The wholesale inflation is based on the monthly Wholesale Price Index (WPI). The primary articles index, which also includes food articles, rose by 1.1 per cent to 130.6 from 129.2 in the previous month, according to the provisional data. The index for ‘Food Articles’ group rose by 0.2 per cent to 140.1 from 139.8 for the previous month due to higher price of fish-marine (8 per cent), poultry chicken (4 per cent), egg and peas/chawali (3 per cent each), fish-inland (2 per cent) and moong, bajra, barley, paddy, wheat and arhar (1 per cent each).

On Tuesday, retail inflation rose to a four-month high of 4.87 per cent in May as compared to 4.58 per cent in April.

Source: NDTV Profit