Summary of this article
Wholesale price inflation shot up to 9.68 per cent in May, from 8.26% in April, led by a sharp spike in prices of fuel and power, manufactured and food items.
The Commerce and Industry Ministry on Monday released the Wholesale price index (WPI)-based inflation data revising the base year to 2022-23, from 2011-12 earlier.
Wholesale price index (WPI)-based inflation in fuel and power jumped to 30.33% in May as against 24.89% in April. In crude petroleum, inflation was 61.51% in May, as against 56.31% in the previous month.
