City
Epaper

India's WPI inflation edges up to 2.61 pc in May

By IANS | Updated: June 14, 2024 13:25 IST

New Delhi, June 14 India's inflation rate based on the Wholesale Price Index (WPI) edged up to 2.61 ...

Open in App

New Delhi, June 14 India's inflation rate based on the Wholesale Price Index (WPI) edged up to 2.61 per cent during May this year compared to the same month last year, according to figures released by the Commerce Ministry on Friday.

The positive rate of inflation in May is primarily due to the increase in prices of food articles which rose by 7.4 per cent.

The wholesale prices of onions went up sharply by 58 per cent during the month which played spoilsport.

Crude petroleum & natural gas turned costlier by 1.35 per cent during the month and prices of manufactured products were up marginally by 0.78 per cent.

The WPI inflation has been edging up over the last three months from 0.26 per cent in March to 1.26 per cent in April largely due to the increase in the prices of food items along with an increase in fuel prices.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalUS to begin applying tariff on Japanese automakers, Korean cars subject to 25 pc levy

TechnologyUS to begin applying tariff on Japanese automakers, Korean cars subject to 25 pc levy

EntertainmentShilpa Shetty’s husband Raj Kundra records statement with Mumbai Police in Rs.60 crore fraud case

BusinessUS to begin applying tariff on Japanese automakers, Korean cars subject to 25 pc levy

Other SportsPM Modi hails Anandkumar Velkumar's historic gold at Speed Skating World Championships

Business Realted Stories

BusinessAuto exports grow over 8 pc in South Korea in Aug despite US tariffs

BusinessCentre directs insurance companies to pass on GST benefits to policyholders

BusinessWe will make India food basket of the world: Shivraj Singh Chouhan

BusinessConsumer cos results to improve in 2nd half of FY26 on festive demand, GST reforms: Report

BusinessIndia's wholesale inflation to remain at 0.5% for FY26: Report