India, June 16 -- India's wholesale price inflation (WPI) eased to a 14-month low of 0.39% in May, driven by a decline in food and fuel prices, according to data released by the Ministry of Commerce and Industry. This marks a drop from 0.85% in April and 2.74% recorded in May last year.
The ministry noted that inflation remained in the positive zone largely due to rising prices in food manufacturing, electricity, chemicals, non-food articles, and transport equipment. However, analysts warned that ongoing geopolitical tensions could reverse this trend by putting upward pressure on prices in the coming months.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....