Moneycontrol
Last Updated : Jun 14, 2018 12:36 PM IST | Source: Moneycontrol.com

Wholesale inflation hits 14-month high at 4.43% in May

WPI witnessed a growth of 3.18 percent in April and 2.26 percent in May 2017

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India's wholesale inflation grew 4.43 percent in May, a 14-month high, driven by some food items and fuel prices, latest price data released by the commerce and industry ministry showed.

Wholesale inflation rate, measured by Wholesale Price Index (WPI), is a marker for price movements in bulk buys for traders and broadly mirrors trends in shop-end prices.

WPI witnessed a growth of 3.18 percent in April and 2.26 percent in May 2017.

Primary articles, which accounts for more than a fifth of the entire wholesale price index grew 3.16 percent in May from (-)1.71 percent year a percent ago and 1.41 percent in April.

Vegetables prices grew 2.51 percent in May as compared with a fall of 0.89 percent in April and (-)18.37 percent a year ago.

Potato prices continued to rise for the fifth consecutive month to rise 81.93 percent in May from 67.94 percent in April and (-)43.84 percent a year ago.

Prices of pulses continued to slump for over a year now, with rate of decline relatively slowing at (-)21.13 percent in May, as compared with a de-growth of (-)22.46 percent in April and (-)19.67 percent a year ago.

Fuel and power inflation, which has a weightage of 13.15 percent in WPI, grew at 11.22 percent in May from 7.85 percent in April, and 11.81 percent a year ago.

Petrol prices are up 13.90 percent in May from 9.45 in April, while diesel prices grew 17.34 percent last month as compared to 13.01 percent in April.
First Published on Jun 14, 2018 12:07 pm
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