WPI WPI maintains the declining trend; falls to -3.48% in May 2023
New Delhi: The provisional Wholesale Price Index (WPI) for May 2023 shows an annual inflation rate of (-) 3.48% compared to (-) 0.92% in April 2023, data released by the Commerce and Industry Ministry showed on Wednesday.
In May 2022, WPI inflation was at 16.63 percent.
The decrease in inflation is mainly due to lower prices of mineral oils, basic metals, food products, textiles, non-food articles, crude petroleum & natural gas, and chemical & chemical products.
The month-over-month change in WPI for the month of May 2023 stood at (-) 0.86 % as compared to April 2023.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
