General

India’s wholesale inflation persists in negative domain in May

Author : NewsGram Desk

New Delhi: India's annual wholesale inflation continued to be in the negative in May but moved up slightly to (-)2.36 percent from (-)2.65 percent in April, mainly on account of a rise in prices of food articles, official data showed on Monday.

The annual inflation rate based on the Wholesale Price Index (WPI) was recorded at 6.18 percent in May 2014.

During the period under review, the index for food articles was up 3.8 percent in May due mainly to a 22.8 percent increase in prices of pulses and 20.41 percent in that for onions. Potatoes, however, were cheaper by 51.95 percent.

Among the other two major sub-indices, the annual inflation for fuel in May was (-)10.41 percent and for manufactured products, it stood at (-)0.64 percent, data released by the commerce and industry ministry showed. (IANS)

Subscribe to our channels on YouTube and WhatsApp 

India to Repatriate 500 Citizens from Thailand After Raid on Scam Hub

Who is Justice Surya Kant, the Next Chief Justice of India: Corruption, Crime, and Criticisms

FIR Was ‘Maliciously Motivated Counterblast’: Delhi HC Clears Madhu Kishwar in 2008 Case

Uproar in J&K Assembly over BJP Kishtwar MLA Parihar's remark

Luxury Vanity Countertops That Transform Your Bathroom