Base effect: WPI inflation hits record high of 12.94% in May on rising fuel prices
Base effect: WPI inflation hits record high of 12.94% in May on rising fuel prices Pexels 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% ...
Source: freepressjournal.in