Wholesale Price Index (WPI) in the month of May 2016 has increased to 0.79 per cent compared to 0.34 per cent in the previous month and -2.20 per cent during the corresponding month of the previous year.
Meanwhile, March WPI inflation has been revised to -0.45 per cent from -0.85 percent. Wholesale food prices last month rose 7.88 per cent year-on-year, compared with a provisional 4.23 percent gain in April.
According to a Reuters poll, WPI inflation was predicted a rise 0.42 per cent in May.
Prices of egg, meat and fish paced up by 9.75 per cent and in fruits the rise was 3.80 per cent. However, kitchen staple onion continued to witness decline at (-)21.70 per cent in May. Manufactured products inflation too inched up to 0.91 per cent from 0.71 per cent in April. The hardening of WPI food inflation follows the trend of retail inflation released yesterday. Retail inflation touched a 21-month high of 5.76 per cent in May mainly due to rising prices of food items.