Wholesale Price Inflation Jumps Edges Up To 15.88%
Capital MarketIndia's inflation based on the Wholesale Price Index (WPI) rose further in May, hitting 15.88%, according to data released by the commerce ministry today. WPI inflation was 15.08% in April 2022 and 13.11% in May 2021. The high rate of inflation in May, 2022 is primarily due to rise in prices of mineral oils, crude petroleum & natural gas, food articles, basic metals, non-food articles, chemicals & chemical products and food products etc. as compared to the corresponding month of the previous year, stated the Ministry of Commerce and Industry. The ministry added that the on-month change in WPI index for the month of May stood at 1.38 per cent, compared to April, 2022.
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