Wholesale inflation expands to 0.79% in May
The Wholesale Price Index (WPI)-based inflation for the month of May expanded to 0.79% year-on-year after turning positive for the first time in 18 months in April. Further, the food prices inflation increased substantially to 7.88% in May, as against 4.23% in April. Meanwhile, only the fuel inflation witnessed a deflationary trend, as it contracted to (-)6.14% from (-)4.83% month-on-month.