Wholesale inflation rate at record level of 15 months, reached 2.61% in May
Wholesale inflation rate at record level of 15 months, reached 2.61% in MayWPI Inflation: Wholesale inflation rate at record level of 15 months, reached 2.61% in May, prices of food items increasedIf we talk about a year ago, this rate was at -3.8 percent in May 2023. This data released today is the highest since february 2023.WPI Inflation: Wholesale inflation rate at record level of 15 months, reached 2.61% in May, prices of food items increasedThe data has been released today by the Wholesale Price Index (WPI). These figures show an increase in the wholesale inflation rate. This increase has come to its highest level in 15 months. Talking about May 2024, the wholesale inflation rate has come down to 2.61 percent. Earlier, the wholesale inflation rate was 1.26 percent in april 2024. If we talk about a year ago, this rate was at -3.8 percent in May 2023. This data released today is the highest since february 2023.Increase in the rates of food itemsDue to a huge increase in the rates of food items, especially vegetables and manufactured goods, the wholesale inflation rate has increased to 2.61 percent in May. In May last year, this rate was below zero at -3.61 percent. If the data of WPI is to be believed, the inflation rate has increased by 9.82 percent in May. At the same time, this rate was 7.74 percent in April. Talking about May, the inflation rate of vegetables was 32.42 percent. This rate was 23.60 percent in April. Talking about onions, the inflation rate is 58.05 percent, the inflation rate of potatoes is 64.05 percent. Talking about the inflation rate of pulses, it is 21.95 percent.