In May, WPI inflation reached a new high of 15.88 %

14 Jun 2022 , 02:39 PM

India’s wholesale price inflation has remained over 10% for the 14th consecutive month. According to the official figures, wholesale price-based inflation (WPI) increased to 15.88 percent in May, up from 15.08 percent in April.

“The high rate of inflation in May is primarily due to increases in the prices of mineral oils, crude petroleum & natural gas, food articles, basic metals, non-food articles, chemicals & chemical products, and food products compared to the previous year,” according to the Commerce and Industry Ministry. The rate of inflation in May 2021 was 13.11%.

Inflation in fuel and power increased to 40.62 percent in May, up from 31.8 percent in March and 38.7 percent in April. 

The Wholesale Price Index for March was also revised upwards, representing a 14.63 percent inflation rate rather than the 14.5 percent previously predicted. Wholesale Food Price Inflation, which had slowed somewhat in April to 8.9% from 9.3% in March, resurrected in May to approach 10.9 percent.

Primary item inflation accelerated in May, climbing from 15.45 percent in April to 19.71 percent in May. Manufactured products were the only sector to witness a minor decrease in inflation, with a wholesale price rise rate of 10.11 percent in May compared to 10.85 percent in April.