Inflation, as measured on the Wholesale Price Index (WPI), has been in the negative zone since November, 2014. In April last year, it was 5.55 percent.
    
The deflationary trend has bolstered the case for a rate cut by the Reserve Bank, as retail inflation has also eased and industrial production is down, experts said. Industrial output had slowed to 5-month low of 2.1 percent in March.      

Inflation was (-)2.33 percent in March, (-)2.17 percent in February, (-)0.95 percent in January, (-)0.50 percent in December and (-) 0.17 percent in November.
    
In April this year, the manufactured products segment witnessed deflation for the second consecutive month as prices dropped to a record low of (-)0.52 percent.
    
Inflation in food articles category stood at 5.73 percent, from 6.31 percent in March. For fuel and power, it was (-)13.03 percent in April.
    
Potato prices saw the steepest fall at (-)41.14 percent in April. For vegetables, the decline was (-)1.32 percent.      

However, inflation in pulses was at 15.38 percent, and for egg, meat and fish at 4.01 per cent during the month.
    
The February WPI inflation data has been revised downwards to (-)2.17 per cent as against the provisional estimate of (-)2.06 per cent.
    
The Consumer Price Index based inflation data, released earlier this week, showed retail inflation fell to a 4-month low of 4.87 percent in April on account of easing food prices.
    
ICRA Senior Economist Aditi Nayar said, "The data reinforces our expectation of a high probability of 0.25 percent rate cut in June 2 RBI policy."

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