India Wholesale Inflation At 5-Month Low Of 2.17% In May

Wholesale prices in India rose 2.17 percent from a year earlier in May of 2017, compared to a 3.85 percent gain in April and below market estimates of 3.11 percent. It was the lowest wholesale inflation since December 2016, as cost of manufactured products and fuel went up at slower paces while prices of primary articles declined.

In May, cost increased at a slower pace for: manufactured products (2.55 percent year-on-year from 2.66 percent in the prior month) and fuel and power (11.7 percent from 18.5 percent). In contrast, prices of primary articles fell 1.79 percent (from 1.82 percent).

On a monthly basis,  wholesale prices decreased by 0.4 percent.

 In May 2017, the government  revised the base year to 2011-12 from 2004-05, aiming to align it with the base year of other indicators like the GDP and the industrial production index.

Office of the Economic Adviser l Rida Husna |
6/14/2017 7:25:22 AM