Reserve Bank to further cut interest rates. Wholesale prices fell 3.2% last month from a year earlier, as compared to 1.2% drop expected in a Bloomberg survey of economists.The annual rate of inflation, based on monthly WPI, stood at (-3.21%) (provisional) for the month of May, 2020 as compared to 2.79% during the corresponding month of the previous year, the Commerce and Industry Ministry said in a statement.However, inflation in food articles during May stood at 1.13%, as against 2.55% in April.
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