India, June 16 -- India's wholesale price inflation eased further in May to the lowest level in more than a year amid cheaper costs for primary articles, fuel, and power, provisional data from the Ministry of Commerce and Industry revealed on Monday.
The wholesale price index, or WPI, rose 0.39 percent year-over-year in May, slower than the 0.85 percent increase in April. Economists had expected inflation to ease slightly to 0.80 percent. Moreover, this was the lowest inflation rate since March 2024.
Food inflation moderated to 1.72 percent from 2.55 percent in April. Prices for primary articles declined 2.02 percent annually in May, and costs for fuel and power also showed a further decline of 2.27 percent.
Price increases softened in m...