India wholesale price up by 0.79 percent year on year in May over the previous year, driven mainly by rising food prices, a survey on government data showed the results.
Indian wholesale markets
The data was compared with an annual increase of 0.42 percent forecast by economists in a survey. In April prices rose 0.34 percent provisional, its first gain in 18 months.
Food prices rose wholesale 7.88per cent year on year last month, compared with a provisional gain 4.23 percent in April. Cost of manufactured products increased by 0.91 percent, compared with an increase of 0.71 percent in the previous month.
Oil prices fell 10.86 percent year on year in May, following a decline of 4.18 percent in April and cost of diesel decreased by 5.01 percent, compared with a decrease of 3, 94 percent in the previous month.