INDIA:India’s yearly wholesale price rises continued to be in the negative in May but moved up slightly to (-.36 percent from (-)2.65 percent in the previous month, mainly on account of a rise in prices of food articles, official The annual inflation rate based on the Wholesale Price Index (WPI) was recorded at 6.18 percent in May 2014
During the period under review, the index for food articles was up 3.8 percent in May mainly due to a 22.8 percent increase in prices of pulses and 20.41 percent in that for onions. Potatoes, however, were cheaper by 51.95 percent. Other important food articles such as fruits, milk and wheat became dearer. Fruits were expensive by 8.65 percent, followed by milk which was costlier by 6.85 percent and wheat lightened the pocket by another 2.79 percent. Among the other major sub-indices of the WPI, the annual inflation for fuel in May was (-)10.41 percent, data released by the commerce and industry ministry showed. The prices of liquefied petroleum gas (LPG) fell by 5.18 percent, petrol became cheaper by 11.29 percent and diesel cost came down by 11.62 percent.
he manufactured products sub-index also declined. It stood at (-)0.64 percent. The primary articles sub-index was marginally 0.77 percent. The official data showed that the rise in May was the first time after successive declines during the last seven months.
