India Inflation

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India: Inflation rises again in May

June 16, 2014

The wholesale price index (WPI) increased 0.83% over the previous month in May. The reading, which was up from the 0.22% rise observed in April, reflected higher prices for primary articles, manufactured products as well as for fuel and power.

Wholesale prices increased 6.0% over the same month last year in May and came in above market expectations of a 5.4% rise. In addition, May’s result was higher than the 5.2% rise observed in April. Following the increase in the annual rate, annual average WPI inflation inched up from 6.0% in April to 6.1% in May.

The consumer price index increased 0.58% over the previous month in May, which came in below the 0.72% rise recorded in April. Annual inflation eased from 8.6% in April to 8.3% in May.

FocusEconomics Consensus Forecast panelists expect wholesale price inflation to average 5.8% in FY 2014/2015, which is unchanged from last month’s forecast. In FY 2015/2016, the panel expects wholesale price inflation to average 5.7%.


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India Inflation Chart


India Inflation May 2014

Note: Annual and monthly variation of wholesale price index (WPI) and annual variation of consumer price index (CPI) in %.
Source: Ministry of Commerce and Industry and FocusEconomics calculations.


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