The Wholesale Price Index inflation touched a 30-year-high in India
Highlights By: Balbir Singh Sooch-Sikh Vichar ManchBOLO JAI SHRI RAM! PLEASE NOT IN MY NAME!
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The Wholesale Price Index 9WPI) inflation touched a 30-year-high of 15.88% in May 2022. Written
· The AICPI-IW for May 2022 had increased by 1.3 points to 129. On 1-month percentage change, it increased by 1.02 per cent with respect to the previous month compared to an increase of 0.42 per cent recorded between corresponding months a year ago, according to a statement of the Ministry of Labour and Employment dated 20 June 2022. The maximum upward price pressure was in the Food and Beverages group contributing 0.79 percentage points to the total change.
· The items responsible for the rise in the AICPI-IW index were Tomato, Potato, Soybean Oil, Sunflower Oil, Buffalo Milk, Fish Fresh, Poultry Chicken, Cooked Meal, Cooking Gas, kerosene Oil, Bus Fare, Allopathic Medicine, Telephone Charges etc. The Year-on-year inflation in May 2022 stood at 6.97% compared to 6.33% in the previous month.
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high in India