Jun 14: The annual rate of inflation is 15.88% (Provisional) for the month of May 2022 (over May 2021) as compared to 13.11% in May 2021. The high rate of inflation in May 2022 is primarily due to the rise in prices of mineral oils, crude petroleum & natural gas, food articles, basic metals, non-food articles, chemicals & chemical products, and food products, etc. as compared to the corresponding month of the previous year.
The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade released the Index numbers of wholesale prices in India (Base Year: 2011-12) for the month of May 2022 (Provisional) and for the month of March 2022 (Final) today. The provisional figures of the Wholesale Price Index (WPI) are released on the 14th of every month (or the next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.
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