The Wholesale Price Index (WPI) based inflation was (-)2.65 percent in April. It has been in the negative zone since November 2014. Inflation in May last year was 6.18 percent. The lower inflation comes amid a forecast of deficient monsoon this year.

As per the government data released today, vegetable inflation was (-)5.5 percent, with potato recording a dip of about 52 percent.

Protein rich items like egg, meat and fish too were cheaper in May as compared to the previous month and so were milk, fruits, rice and cereals. Overall food inflation was 3.8 percent, much lower than the previous few months.

Similarly, the May inflation in manufactured items (food products, sugar, edible oils, beverages, etc) declined by 0.64 percent, lowest in past many months.

Inflation in fuel and power basket was at (-)10.51 percent on annual basis, though slightly up from April. Retail inflation in May, as measured on Consumer Price Index (CPI), was 5.01 percent, marginally up from the previous month.

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