A market in Lucknow.

Drop in India’s WPI Food inflation in May

June 15, 2020

India’s annual WPI Food Index (Wholesale Price Index), eased to 2.31 per cent in May from a rise of 3.60 per cent in April, official data showed on Monday.

However, the government authorities did not release the complete set of WPI figures for May due to the Covid-19 outbreak and its impact on data collection.

Besides, the data showed that overall WPI recorded a fall of (-) 3.21 per cent in May 2020 from 0.42 per cent rise in March.

In a note, the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade said: “Due to limited information available for the month of April 2020, the provisional figures of May-2020 are compared with final figures of March, 2020.”

“The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of May, 2020 declined by (-2.24 per cent) to 117.7 (provisional) from 120.4 (Final) for the month of March, 2020.”

Also Read: COVID-19 lockdown: Indian factory output down by 55.5% in April

Also Read: Indian foreign exchange reserve above 500 bn

Previous Story

Dubai Diamond Exchange restarts business

Next Story

Greece reopens its vital tourism sector

Latest from -Top News

Trump Ends Syria Sanctions

Syria has been designated a State Sponsor of Terrorism by the United States since December 1979…reports Asian Lite News US President Donald

UAE credit soars to the top

S&P Global, Moody’s Investors Service, and Fitch Ratings — have all assigned strong sovereign credit ratings to the UAE In a strong