: WPI inflation in May rises to 12.94 per cent #FinanceIndia #StockMarketNEWS WPI inflation in May rises to 12.94 per cent New Delhi, Jun 15 (KNN) The Wholesale Price Index (WPI) based inflation in

@StockMarketNEWS Thu 17 Jun, 2021

Posted in: #FinanceIndia #StockMarketNEWS

WPI inflation in May rises to 12.94 per cent #FinanceIndia #StockMarketNEWS
WPI inflation in May rises to 12.94 per cent New Delhi, Jun 15 (KNN) The Wholesale Price Index (WPI) based inflation in May hit an all-time high of 12.94 per cent owing to rising crude oil prices and manufactured products.

This is the fifth consecutive month when WPI breached the higher levels. Earlier it was at 10.49 per cent level in April, which was a 11-year high.

"The high rate of inflation in May 2021 is primarily due to low base effect and rise in prices of crude petroleum, mineral oils i.e. petrol, diesel, naphtha and furnace oil among other things as well as manufactured products as compared to the corresponding month of the previous year," the Commerce and Industry Ministry said on Monday.

The manufactured products inflation rose to 10.8 per cent in May 2021 as compared to 9 per cent in the previous month, while core inflation spiked to 10 per cent compared to 8.3 per cent in April 2021.

Fuel and power inflation also went up by 37.6 per cent during May, against 20.94 per cent in April.

However, inflation in food particles eased marginally 4.31 per cent in May 2021. Onion prices however witnessed a jump and were at 23.24 per cent in May. They were in the negative territory in April 2021 at (-) 19.72 per cent.

Stock Market News & Best Intraday tips & Stocks near support

Report