WPI Inflation Marathi News: India’s wholesale inflation in May 1 has dropped to 5.99 percent, which is the lowest level in the last 6 months. In April, the rate was 8.5 percent. According to official data released on Monday, the fall was reported due to a decline in prices of food items, fuel and primary products. “This was mainly due to the increase in the cost of food products, electricity, other products, chemicals and chemical products, other transport equipment and the production of non-producing goods,” the Commerce Ministry said in a statement.
Primary products inflation rate from April -1.5% to May -5.5% in May Slop . At the same time.
In May, wholesale food inflation fell from 8.5 per cent to 5.5 per cent in April. This indicates a decline in wholesale food prices. However, the wholesale price index reached April 19.9 in May from 19.9 in May.
In May, the prices of primary food products decreased by 5.5%, which shows a fall in the second consecutive month. This was mainly due to a significant decline in the price of vegetables (-1.5%), pulses (-5.5%), potatoes (-19.5%) and onions (-5.5%). Protective products such as eggs, meat and fish were reduced by 5.5% in the second consecutive month. At the same time, the rate of increase in grain (1.5%), rice (1.99%) and wheat (5.5%) has slowed down.
The wholesale inflation of fuel and electricity has dropped from -1.5% to -1.5% in May to 6.5% in April. The index of this category fell from 5.99 percent to 5.99 percent in April. During this period, mineral oil prices dropped by 8.5 per cent, while coal and electricity prices rose by 8.5 per cent and 5.5 percent respectively.
In May, the inflation of the products produced came from 5.5 per cent to 5.5 per cent in April. The fall in wholesale inflation has occurred at a time when the retail inflation rate (CPI) also came down to 6 months in May. The main reason for this is the huge decline in prices of vegetables and pulses.
Consumer Price Index (CPI) based on the CPI-based inflation (CPI) was estimated to be 5 %, assuming the general monsoon in the biennial credit review conducted by the Reserve Bank (RBI) in April. In the first quarter (April-June) CPP inflation is estimated to decrease by 5.5 per cent, which is less than 5.5 percent estimated. The WPI inflation data for June 1 will be released on July 7.
