Fuel and power inflation in the wholesale price index (WPI) jumped to as high as 37.61% in May, albeit aided by an inconducive base, while at the retail level, fuel and light inflation surged to 11.58%.
This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation. In April, 2021, WPI inflation hit double digit at 10.49 per cent.
