WPI inflation at record high of 15.9% on costly food, fuel

Data released by the department for promotion of industry and internal trade (DPIIT) on Tuesday showed inflation, as measured by the wholesale price index (WPI), rose an annual 15.9% in May, higher than the 15.1% in April and above the 13.1% recorded in May 2021. This is the highest inflation in the new series (2011-12) and the highest since the 16% posted in September 1999. WPI has been in double digits for 14 consecutive months, highlighting the entrenched price pressures.

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