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India's wholesale inflation rate rises to 4.43% for May, 2018

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India's headline annual rate of inflation, based on the revised monthly Wholesale Price Index (WPI), with base 2011-12=100, rose sharply to 4.43 percent for May, 2018 as compared to 3.18 percent in the previous month and 2.26 percent in the same month of the previous year, thanks to a spike in food and fuel prices.
 
An official press release, quoting provisional data, said here today that the official WPI for ‘All Commodities’ (Base: 2011-12=100) for May, 2018 rose by 0.9% to 117.9 from 116.8 for the previous month.
 
According to it, the build-up inflation rate in the financial year so far was 1.38% compared to a build-up rate of -0.27% in the corresponding period of the previous year.
 
The statement said the rate of inflation based on WPI Food Index, consisting of ‘Food Articles’ from Primary Articles group and ‘Food Products’ from Manufactured Products group, increased from 0.67% in April, 2018 to 1.12% in May, 2018.
 
It said that the final WPI for March, 2018 stood at 116.3, as compared to 116.0 provisionally reported on April 16. Accordingly, the annual rate of inflation based on the final index stood at 2.74 percent as compared to 2.47% reported on that date, it added.
 
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