September 16, 2024 6:35 PM

India’s wholesale inflation rises from 1.26% to 2.61% in May, pushed by food, energy prices

Wholesale inflation in India, based on the Wholesale Price Index rose to 2.61 per cent in May versus 1.26 reported in April, official data from the Commerce Ministry showed on Friday. Thus, it remained in positive territory for the seventh month after remaining in the negative zone for seven months until October. The high rate of wholesale inflation in April was primarily due to an increase in prices of food articles and minerals. In the food basket, cereals, paddy, pulses, vegetables, potato,...