Overview

• Wholesale price inflation declined for the third consecutive month, dropping from 0.85% in April to 0.39% in May.
• Food articles recorded a deflation of 1.56%, led by a 21.62% slump in vegetable prices and lower costs for pulses and staples.
• The fuel and power segment shifted to a 2.27% deflation following 2.18% inflation in April.
• Inflation for manufactured products eased to 2.04% from 2.62% as mixed trends emerged across non-food categories.
• The central bank reduced its benchmark repo rate by 50 basis points to 5.50% to support recovery, though geopolitical tensions threaten to disrupt commodity supply and energy prices.