India WPI Inflation Up to 5-Month High


Indian wholesale annual inflation rate accelerated to 6.01 percent in May of 2014 from 5.2 percent in the previous month, driven by higher fuel and food cost.

Year-on-year, food prices rose at a faster 9.5 percent in May, up from an 8.64 percent increase in the previous month. Cost of potato recorded the highest increase (31.44 percent), followed by fruits (19.4 percent), rice (12.75 percent), egg, meat and fish (12.47 percent) and milk (9.57 percent). In contrast, prices of vegetables fell 0.97 percent and onion cost dropped 2.83 percent.

Fuel and power prices accelerated to 10.53 percent, following an 8.9 percent increase in the previous month. High speed diesel rose the most (14.21 percent), followed by petrol (12.28 percent) and liquefied petroleum gas (7.11 percent). 

Cost of manufactured products accelerated slightly to 3.55 percent from 3.15 percent in April. 

On a monthly basis, the wholesale inflation rose to 0.83 percent in May of 2014, after falling marginally by 0.05 percent in April.

India WPI Inflation Up to 5-Month High


Ministry of Commerce and Industry | Joana Taborda | joana.taborda@tradingeconomics.com
6/16/2014 9:22:37 AM