Surging fuel prices push wholesale inflation up to nearly 13%
The Hindu
Fuel and power inflation nearly quadrupled to 37.6% from the 9.75% recorded in March this year,
India’s wholesale price inflation shot up to a record 12.94% in May, up from 10.5% in April, driven largely by a and power inflation, which rose to 37.6%, and the low base effect from May 2020. Fuel and power inflation nearly quadrupled to 37.6% from the 9.75% recorded in March this year, and is significantly higher than the 20.94% mark attained in April. Manufactured products’ inflation rose to 10.83% from 9% in April.
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