June 25, 2013 / 23:00 IST
The headline inflation slowed for a fourth straight month in May to 4.7 percent from a year earlier, but a slump in the rupee is likely to prevent the RBI from lowering policy rates on Monday despite the economy slowing to a decade-low level.
May's reading, the lowest in more than three years, was less than the 4.8 percent estimated by
analysts in a CNBC-TV18 poll. The wholesale price index, India's main inflation measure, rose an annual 4.89 percent in April.
The reading for March was revised to 5.65 percent from 5.96 percent, data released by the Ministry of Commerce and Industry on Friday showed.
More details on May WPI :
- Primary Articles Inflation At 6.65% Vs 5.75% (MoM)
- Primary Articles Index Up 0.6% (MoM)
- Manufactured Pdts Inflation At 3.11% Vs 3.41% (MoM)
- Manufactured Products Index Up 0.3% (MoM)
- Fuel & Power Group Inflation At 7.32% Vs 8.84% (MoM)
- Fuel & Power Group Index Down 1.3% (MoM)
- Food Articles Inflation At 8.25% Vs 6.08% (MoM)
- Food Articles Index Up 1.5% (MoM)
- Non-food Articles Index Down 0.6% (MoM)
- All Commodities Index Up 0.1% (MoM)
- Minerals Group Index Down 2.4% (MoM)
(With inputs from Reuters) Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
