Inflation shocker! May WPI sees sharp rise; fuel, power prices take it to whopping 4.43%

Inflation shocker! May WPI sees sharp rise; fuel, power prices take it to whopping 4.43% Inflation shocker: Inflation based on wholesale prices shot up to a whopping 4.43% in May, up by over 130 basis points on higher fuel and power inflation, government data showed.

Inflation shocker: Inflation based on wholesale prices shot up to a whopping 4.43% in May, up by over 130 basis points on higher fuel and power inflation, government data showed. The WPI fuel and power inflation was up to 11.22% against 7.85% in April as prices of domestic fuel increased in line with rising global crude oil rates. The inflation of primary articles inflation also shot up sharply to 3.16% as against 1.41% in April.

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Source: Financial Express