India’s May wholesale inflation rises to 15.88pc
"The annual rate of inflation is 15.88 per cent (provisional) for the month of May, 2022 (over May, 2021) as compared to 13.11 per cent in May, 2021," said Ministry of Commerce and Industry in a statement.
New Delhi: India’s wholesale price index (WPI) based inflation remained in double-digit for 14 months in a row and inched up further to 15.88 per cent in May 2022 from 15.08 per cent in the previous month, government data released on Tuesday showed.
“The annual rate of inflation is 15.88 per cent (provisional) for the month of May, 2022 (over May, 2021) as compared to 13.11 per cent in May, 2021,” said Ministry of Commerce and Industry in a statement.
“The high rate of inflation in May, 2022 is primarily due to rise in prices of mineral oils, crude petroleum & natural gas, food articles, basic metals, non-food articles, chemicals & chemical products and food products etc. as compared to the corresponding month of the previous year,” it further said.
As per the data, the month over month change in WPI index for the month of May, 2022 stood at 1.38 per cent as compared to April, 2022.
