The government has suffered a major setback on the wholesale inflation front in May. In May, the wholesale inflation rate has increased from 10.49 per cent in April to 12.94 per cent. Whereas according to the poll of CNBC-TV18 it was estimated to be at 13.61 percent. On a month-on-month basis, the March revised WPI stood at 7.89 per cent from 7.39 per cent.
On a month-on-month basis, food wholesale inflation in May rose to 8.11 per cent from 7.58 per cent in April. At the same time, fuel and power inflation has increased from 20.94 per cent in March to 37.61 per cent.
There has been an increase in the inflation rate of pulses in May and it has increased from 10.74 percent in April to 12.09 percent. At the same time, the inflation of onion has been at 23.24 percent as against -19.72 percent in April.
The wholesale inflation rate of potato has been at -27.9 percent as against -30.44 percent in March, while the wholesale inflation rate of manufactured products has increased to 10.83 percent from 9.01 percent in April.
In April, the wholesale inflation of primary articles declined to 9.61 per cent from 10.16 per cent in April. At the same time, the wholesale inflation of vegetables has been at -9 per cent as against -9.03 per cent in April.
Inflation in milk has increased from 2.04 per cent in April to 2.51 per cent in May. At the same time, egg, meat, fish inflation has been at 10.73 percent as against 10.88 percent in April.
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