WPI inflation declines to 3-year low in May

June 14, 2023

Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation rate has been in the negative territory for the second straight month.

In April it was (-) 0.92 per cent. In May, 2022 WPI inflation was at 16.63 per cent. The May, 2023 data print of (-) 3.48 per cent is the lowest WPI print recorded since May 2020, when wholesale inflation was at (-) 3.37 per cent.