Wholesale Inflation Hits 14-Month Low: A Detailed Look

Significant Drop in Inflation Rates

Wholesale prices in May fell to their lowest in 14 months. This drop comes from cheaper food, fuel, and base metals. But experts warn that global conflicts could push crude oil prices up soon.

Main Highlights from the Report

• Inflation slowed to 0.4% in May from 0.9% in April.
• This marks the sixth month in a row of falling wholesale prices.
• Vegetable prices dropped by 21.6% compared to last year.
• Overall, food prices fell by 1.6% in May.

Factors Behind the Decrease

Several food items helped lower food inflation in May:

• Onions, tomatoes, and potatoes
• Spices
• Grains
• Eggs, meat, and fish

Vegetable prices have been falling for four months straight. Potato prices dropped by 29.4% in May, and onion prices fell by 14.4%.

Retail Prices Also Fall

Last week, we learned that retail prices hit a 75-month low in May. This shows that prices are dropping across many sectors.

Looking Ahead

The current news is good, but experts warn that global conflicts could raise crude oil prices. This might affect overall prices in the coming months.