India's wholesale inflation rate reached a 15-month high of 2.61% in May, driven by food and manufacturing sectors.
India's wholesale inflation rate reached a 15-month high of 2.61% in May, driven by a significant rise in food item prices and other manufacturing sectors. This marks the third consecutive month of rising inflation. The food articles inflation rate was 9.82%, with vegetables showing the highest increase at 32.42%. The rise in May's Wholesale Price Index (WPI) contrasts with the retail inflation data, which eased to a one-year low of 4.75% in May.
June 14, 2024
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