Indian economy |
Inflation in India’s wholesale prices hit a fresh record high of 15.88% in May, escalating from 15.08% in April, as per official data released on Tuesday. This is the 14th month in a row that wholesale price inflation in India has stayed above the 10% mark. May 2021 had recorded an inflation rate of 13.11%
Fuel and power inflation accelerated further to 40.62% in May from 31.8% in March and 38.7% in April. The Wholesale Food Price Inflation, which had eased marginally in April to 8.9% from 9.3% in March, resurged to hit 10.9% in May.
