Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

WPI Inflation in May Cools to 5-month Low of 2.17 Percent

Inflation based on the wholesale price index fell to a five-month low of 2.17 percent in May, mainly because of a sharp drop in prices of vegetables.

PTI

Updated:June 14, 2017, 1:32 PM IST
facebookTwittergoogleskypewhatsapp
WPI Inflation in May Cools to 5-month Low of 2.17 Percent
A worker arranges fruits inside a newly opened wholesale store (REUTERS)
New Delhi: Inflation based on the wholesale price index fell to a five-month low of 2.17 percent in May, mainly because of a sharp drop in prices of vegetables.

In December, the reading was 2.10 per cent.

WPI inflation was 3.85 per cent in April and (-)0.9 per cent in May 2016.

Pulses and cereals saw a slower growth in prices.

The wholesale price index (WPI) for the month is based on the new base year 2011-12, which was revised last month from 2004-05, with an aim to reflect the macroeconomic picture more accurately.

The slowdown in wholesale inflation comes against the backdrop of retail inflation easing to a multi-year low of 2.18 per cent in May.

Government data showed that prices of food articles shrank by 2.27 per cent in May on an yearly basis.

The inflation print for vegetables read (-)18.51 per cent. While potato saw a deflation of 44.36 per cent, for onion, it came in at 12.86 per cent.

The rate of price increase was 4.15 per cent in cereals, down from 6.67 per cent in May last year. Protein-rich pulses turned cheaper in May as prices fell by 19.73 per cent.

Eggs, meat and fish saw a price decline of 1.02 per cent annually.

The index basket of the new series has a total of 697 items, including 117 for primary articles, 16 for fuel and power and 564 for manufactured products.

There was acceleration in prices of fuel and power (11.69 per cent) and manufactured products (2.55 per cent).

However, the price rise in sugar, which falls under the category of manufactured items, slowed to 12.83 per cent in May, from 23.12 per cent a year earlier.
| Edited by: Ananya Chakraborty
Read full article
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
Indiabulls Hsg 790.60 -2.12
Dewan Housing 117.75 -9.42
Just Dial 741.00 3.67
Reliance 1,351.40 0.87
SBI 335.05 -0.74
Company Price Change %Gain
Dewan Housing 117.80 -9.31
Yes Bank 138.15 -2.02
Jet Airways 160.80 6.67
Just Dial 740.00 4.06
Indiabulls Hsg 790.55 -2.19
Top Gainers
Company Price Change %Gain
Sun Pharma 418.90 2.46
BPCL 383.75 2.48
ICICI Bank 406.80 1.66
Bajaj Auto 3,023.00 1.47
UPL 1,013.50 1.37
Company Price Change %Gain
Sun Pharma 418.40 2.37
ICICI Bank 406.40 1.51
Bajaj Auto 3,024.25 1.46
HDFC 2,140.00 1.23
Larsen 1,465.60 1.20
Top Losers
Company Price Change %Gain
Tech Mahindra 750.85 -2.87
IndusInd Bank 1,406.50 -2.85
ITC 298.05 -2.57
Yes Bank 137.95 -2.16
Indiabulls Hsg 790.60 -2.12
Company Price Change %Gain
IndusInd Bank 1,408.25 -2.71
ITC 298.05 -2.37
Yes Bank 138.15 -2.02
TCS 2,082.75 -1.25
HUL 1,762.00 -1.21

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results