WPI inflation rises to record high of 15.88% in May

The high rate of inflation in May 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 compared to the previous year,” the Commerce and Industry Ministry said. May 2021 had recorded an inflation rate of 13.11%.

Fuel and power inflation accelerated further to 40.62% in May from 31.8% in March and 38.7% in April.

The Wholesale Price Index for this March was also revised upwards, reflecting an inflation rate of 14.63% instead of the 14.5% earlier