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.
For comments and feedback: editorial@rttnews.com