WPI eases to 12 07% in June from May s record spike indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Inflation surged in May on the back of rise in prices of crude petroleum, mineral oils viz. petrol, diesel, naphtha, furnace oil etc. and manufactured products as compared the corresponding month of the previous year.
Base effect: WPI inflation hits record high of 12.94% in May on rising fuel prices
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The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods.
Low base effect also contributed to the spike in WPI inflation in May 2021. In May 2020, WPI inflation was at (-) 3.37 per cent. Significantly, this is the highest rate of WPI inflation in the current series. The previous high mark was observed in April.
#BREAKING | May WPI comes in at 12.94% vs 10.49% (MoM); Manufactured products inflation rises to 10.8% vs 9% (MoM)
Core inflation comes in at 10% vs 8.3% (MoM) pic.twitter.com/nvgYvUnJUs CNBC-TV18 (@CNBCTV18Live) June 14, 2021
Besides the spike in prices of manufactured products, crude petroleum, and mineral oil, a low base effect of May last year also contributed to the spike in inflation in May 2021
WPI inflation hits all-time high of 12 94 per cent in May telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.