Wholesale Prices Ease: Inflation Slows to 0.39% in May

Good news for consumers! Wholesale price inflation continued its downward trend in May, reaching 0.39%, signaling a potential easing of price pressures across the economy.

Food Prices Contribute to Lower Inflation

The decline in wholesale inflation is largely attributed to falling food prices. According to the latest WPI data, food articles experienced a deflation of 1.56% in May, compared to a deflation of 0.86% in April.

Vegetable Prices See Sharp Decline

Within the food category, vegetable prices witnessed a particularly sharp drop, contributing significantly to the overall decrease in wholesale inflation. This suggests increased supply or reduced demand for vegetables in the market.