Inflation based on wholesale price index (WPI) accelerated in the month of May 2024 to 2.61% from 1.26% in April 2024, due to increase in prices of food articles, minerals, basic metals, computer, electronic & optical products and electrical equipments.
The Component wise, primary articles index, having weight of 22.62%, increased 0.54% to 187.7 (provisional) in May 2024 from 186.7 (provisional) for the month of April 2024, on the back of rise in prices of food articles and minerals. However, prices of non-food articles and crude petroleum & natural gas declined in May 2024 as compared to April 2024.
Fuel & Power index, having weight of 13.15%, declined 2.71% to 150.6 (provisional) in May 2024 from 154.8 (provisional) for the month of April, 2024, as prices of electricity declined in May. But, prices of mineral oils and coal remained unchanged in May 2024 as compared to April 2024.
Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by 0.64% to 141.7 (provisional) in May 2024 from 140.8 (provisional) for the month of April 2024. Meanwhile, for the month of March, 2024 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 151.4 and 0.26% respectively.
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