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India’s wholesale inflation jumps to 12.94% in May

14 Jun 2021 Evaluate

India’s inflation based on wholesale price index (WPI) rose to 12.94% (Provisional) for the month of May 2021 as compared to -3.37% in May 2020, primarily due to low base effect and rise in prices of crude petroleum, mineral oils viz. petrol, diesel, naphtha, furnace oil etc. and manufactured products as compared the corresponding month of the previous year.

Component wise, primary articles index having weight of 22.62%, declined by 0.86% to 150.5 (Provisional) in May 2021 from 151.8 (Provisional) for the month of April 2021. Prices of Non-food Articles increased in May 2021 (as compared to April 2021) by 1.26%, Crude Petroleum & Natural Gas by 0.67% and Food Articles declined by 1.48%.

Fuel & Power index, having weight of 13.15%, increased by 1.75% to 110.5 (Provisional) in May 2021 from 108.6 (Provisional) for the month of April 2021. Prices of Mineral Oils increased by 3.12% in May 2021 as compared to April 2021. Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by 1.24% to 131.0 (Provisional) in May 2021.

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