Food inflation contracted 2.27% after accelerating 1.16% in the previous month with prices of all food items declining. Photo: Ramesh Pathania/ MintNew Delhi: India’s wholesale inflation eased to 2.17% in May from 3.85% in the previous month because of a fall in the prices of primary food items, fuel and minerals. Food prices displayed a broad downtrend at the wholesale level in May 2017. Food inflation contracted 2.27% after accelerating 1.16% in the previous month with prices of all food items declining. Fuel and power inflation contracted 11.69% in May after expanding 19% in the previous month.

Source: Mint June 14, 2017 06:57 UTC