At double the rate of 0.79% in the previous two months each
Rising food prices led to the significant increase; May's WPI was seen at 0.79%
Pulses inflation has remained in double digits since January 2015 and stood at 35.56% in May
Food articles inflation may be the reason behind the rise in inflationary pressure, which came in at 7.88% in May versus 4.23% month-on-month
The WPI is likely to hit the highest in three years on rising prices of both agri and non-agri commodities
Pressure points remained in food, inflation for which accelerated to 4.23% in April from 3.73% in March
In a report, BofA-ML said RBI is expected to go for a 25 bps cut on August 9
The global brokerage firm has a 2016-17 CPI inflation forecast of 5.7% in March 2017
WPI inflation stood at minus 0.85 per cent, compared to minus 0.91 per cent in February
Food inflation, however, up at 3.73% in March
Recent meteorological prediction indicates expectation of normal rainfall this year which is a huge positive
Manufacturing prices keep on falling, while food inflation eases to 3.35 per cent