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India's May WPI inflation accelerates to 12.94% year-on-year

By Reuters

  • 14 Jun 2021
India's May WPI inflation accelerates to 12.94% year-on-year
Credit: Reuters

India's wholesale price inflation accelerated to 12.94% year-on-year in May, versus 10.49% year-on-year in April, mainly due to a spike in energy prices, government data showed on Monday.

Fuel prices accelerated by 37.61% year-on-year in May, the data showed.

The government said the high rate of inflation in May was primarily due to a low base effect and a rise in prices of crude petroleum, mineral oils and manufactured products.

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