The prices of goods across India are soaring. The latest Price-based Inflation (WPI) shows a rise to a 15.88 per cent in May, it highest under the current series launched in 2012, government data showed.
The latest stats of WPI combined with retail inflation data from Monday indicate supply-driven inflation is showing no signs of relief anytime soon.
According to reports, the data showed, inflation in food articles in May was 12.34 per cent, as prices of vegetables, wheat, fruits and potato witnessed a sharp spike against the last year’s prices.
The rate of price rise in vegetables was 56.36 per cent, while in wheat it was 10.55 per cent and in egg, meat and fish, inflation was 7.78 per cent.
In the fuel and power basket, inflation was 40.62 per cent, while in manufactured products and oil seeds, it was 10.11 per cent and 7.08 per cent, respectively.
Inflation in crude petroleum and natural gas was 79.50 per cent in May.