India's wholesale price annual inflation slowed further in May, despite an acceleration in food prices, data published by the Ministry of Commerce and Industry showed Friday.
Inflation, based on wholesale price index, eased to 4.7 percent from 4.89 percent in April. The rate was also below the expected 4.87 percent.
Cost of primary articles increased at a faster pace of 6.65 percent after rising 5.75 percent a month ago. Likewise, food prices were up 8.25 percent, up from 6.08 percent in April.
Meanwhile, cost of non-food articles advanced 4.88 percent compared to 7.59 percent prior month. The increase in fuel and power prices also slowed, to 7.32 percent from 8.84 percent, it said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.