India’s annual wholesale inflation continued to be in the negative in May but moved up slightly to (-)2.36 per cent from (-)2.65 per cent in April, mainly on account of a rise in prices of food articles, official data showed on Monday.
The annual inflation rate based on the Wholesale Price Index (WPI) was recorded at 6.18 per cent in May 2014.
During the period under review, the index for food articles was up 3.8 per cent in May due mainly to a 22.8 per cent increase in prices of pulses and 20.41 per cent in that for onions. Potatoes, however, were cheaper by 51.95 per cent.
Among the other two major sub-indices, the annual inflation for fuel in May was (-)10.41 per cent and for manfactured products, it stood at (-)0.64 per cent, data released by the commerce and industry ministry showed.