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MoneyWorks4Me

Just in: May WPI delivers a nasty surprise; creeps up to 6.01%

16 Jun 2014 Evaluate

In a nasty surprise for the policy makers and the new government, the annual rate of inflation, based on monthly WPI, came in at highest level since December 2013, at 6.01% for month of May, 2014, as compared to 5.20%. Additionally, March inflation figures were revised upwards to 6% against 5.07% earlier.