Key Points
The wholesale price index (WPI) based inflation rate rose to a 15-month high of 2.61 per cent in May, mainly due to the increase in prices of food items which went up by 7.4 per cent during the same month...
Heatwave conditions also pushed up prices of food items, especially vegetables..
The positive rate of inflation in May is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum and natural gas, mineral oils, other manufacturing, acknowledged the Ministry of Commerce and Industry in a statement on Friday...
Crude petroleum and natural gas also turned costlier by 1.35 per cent and prices of manufactured products rose by 0.78 per cent..
