मई में भारत की थोक मुद्रास्फीति 15 महीने के उच्चतम स्तर 2.61% पर पहुंच गई।

मई में भारत की थोक मुद्रास्फीति 15 महीने के उच्चतम स्तर 2.61% पर पहुंच गई।

India’s wholesale inflation rises to 15-month high of 2.61% in May.

In May, India's wholesale price inflation (WPI) rose to 2.61%, up from 1.26% in April, marking the third consecutive monthly increase and the highest rate since February 2023.

  • Business
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  • 14, Jun, 2024
Jyoti Ahlawat
Jyoti Ahlawat
  • @JyotiAhlawat

India’s wholesale inflation rises to 15-month high of 2.61% in May.

Wholesale price inflation (WPI) rose to 2.61 percent in May, compared to 1.26 percent in April, according to data released by the central government on Friday, June 14. This marks the third consecutive increase this year and the highest wholesale inflation rate in India since February 2023.

The increase in May's inflation is largely due to higher prices for crude petroleum and natural gas, mineral oils, food articles, and manufactured food products, among other items. Inflation in food articles surged to 9.82 percent in May from 7.74 percent in April, while inflation in vegetables rose to 32.42 percent from 23.60 percent in the previous month.

Changes in major WPI groups on a month-on-month basis are as follows:

  1. Primary Articles (weight 22.62 percent): The index for this group increased by 0.54 percent to 187.7 (provisional) in May from 186.7 (provisional) in April.
  2. Fuel & Power (weight 13.15 percent): The index for this group decreased by 2.71 percent to 150.6 (provisional) in May from 154.8 (provisional) in April.
  3. Manufactured Products (weight 64.23 percent): The index for this group increased by 0.64 percent to 141.7 (provisional) in May from 140.8 (provisional) in April.

The rise in WPI for May contrasts with the retail inflation data, which eased to a one-year low of 4.75 percent. The Reserve Bank of India (RBI) primarily considers retail inflation when formulating monetary policy.

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Jyoti Ahlawat

Jyoti Ahlawat

  • @JyotiAhlawat