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.