WPI inflation falls by 3.21% in May, food prices up

In fuel and power basket, deflation stood at 19.83 per cent in May, as against 10.12 per cent in the previous month

Wholesale price inflation falls to 1% in March

Food inflation in March fell to 4.91 per cent from 7.79 per cent in the previous month

WPI likely eased in January, to 3.25 per cent from a year ago, compared to 3.58 per cent in December.

Wholesale food prices in November rose 4.10 per cent year-on-year, compared with a 3.23 per cent rise a month earlier.

The uptick in prices makes the case for an interest rate-cut in December difficult when the RBI will review its monetary policy.

The brokerage attributed the jump in inflation numbers to rising vegetable prices.

Wholesale price inflation is expected to have slowed last month to 1.60 per cent from 2.17 per cent in May.

Wholesale price inflation is expected to have slowed last month to 3.11 per cent from 3.85 percent in April.

Global pension funds are also increasingly looking at acquiring road assets and staying invested for the long term.