Wholesale price inflation spiked to 15.88% in May, the highest since September 1991 as a surge in price pressure in food and fuel overwhelmed a moderation in the dominant manufactured product segment. In April, the WPI inflation was recorded at 15.08%. Inflation based on the wholesale price index (WPI) has remained in double digits for 14 months now, mirroring elevated global commodity prices, especially of oil, according to the official data released.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
WPI-based Wholesale inflation in India:
• January: 12.96%
• February: 13.11%
• March: 14.55%
• April: 15.08%
Find More News on Economy Here
Kerala is popularly known as “God’s Own Country.” This beautiful Indian state earned the title…
Jamun is one of the most popular tropical fruits found in India and several South…
Kevin Warsh has appointed as governor of the Federal Reserve by the US Senate. Kevin…
India is a country rich in geographical diversity and cultural heritage. Many Indian states are…
India has appointed senior diplomat Prashant Pise as Ambassador to the Sultanate of Oman. Prashant…
The world is home to thousands of fascinating animal species, but among rodents, one giant…