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Charts & Analysis

WPI Inflation for May 2013 at 4.7%, 43-Month Low

Wholesale Price Index (WPI) based inflation was at the lowest since October 2009, at 4.7%. It was at 4.96% last month. The graph has shown that prices have flattened at the wholesale level.

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Inflation components have eased off their highs considerably. While you might not believe this graph, it shows that fuel prices are down to just 7.32% inflation, food at 6.65% and Manufactured Goods at 3.11%.

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Revisions: For the first time in a few months, we have a DOWNWARD revision, meaning that prices are now lower than initially reported. By a minor 0.6% for March 2013.

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This is the first revised number below 7% ever.