India's wholesale prices fell at a slower-than-expected annual rate of 2.36% in May, their seventh straight fall, mainly on the back of plunging oil and manufacturing goods prices, government data showed on Monday.
New Delhi: India's wholesale prices fell at a slower-than-expected annual rate of 2.36% in May, their seventh straight fall, mainly on the back of plunging oil and manufacturing goods prices, government data showed on Monday.
The data compared with a 2.5% year-on-year fall forecast by economists in a Reuters poll and a provisional 2.65% annual decline in April.
Wholesale fuel prices in May fell 10.51% year-on-year, while costs of manufacturing goods edged down 0.64% from a year ago.
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