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Des Ki Baat: Inflation Hits All-Time High Of 12.94% As Crude, Manufacturing Costs Soar

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Des Ki Baat - June 16, 2021:The wholesale price index (WPI) based inflation in May hit an all-time high of 12.94 per cent owing to rising crude oil prices and those of manufactured products. Overall it was the fifth consecutive month when WPI breached the higher levels. Earlier it was at 10.49 per cent level in April, which was a 11-year high. Apart from rise in crude oil prices and higher costs of manufactured products, low base effect also led to WPI inflation going through the roof in May 2021. In May 2020, WPI inflation was at (-) 3.37 per cent. (Audio in Hindi)

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