In May 2024, Consumer Price Index (CPI) inflation eased marginally (down 8 bps) to a year low, while Wholesale Price Index (WPI) inflation rose. The Purchasing Managers' Index (PMI) declined compared to the previous month. The unemployment rate fell in May 2024. Foreign Institutional Investment (FII) and mutual funds witnessed outflows, compared to inflows in the previous month. Crude oil prices fell on an MoM basis.