INSUBCONTINENT EXCLUSIVE:
hit an all-time high of 12.94 per cent owing to rising crude oil prices and those of manufactured products
through the roof in May 2021
In May 2020, WPI inflation was at (-) 3.37 per cent."The high rate of inflation in May 2021 is primarily due to low base effect and rise in
compared to the corresponding month of the previous year," the Commerce and Industry Ministry said.The manufactured products inflation rose
though, food prices showed a slight fall and were at 4.31 per cent in May 2021
Onion prices however witnessed a jump and were at 23.24 per cent in May
They were in the negative territory in April 2021 at (-) 19.72 per cent.
