India's WPI inflation continues rising trend in May 2021

14 Jun '21
2 min read
Pic:  lakshmiprasada S /
Pic: lakshmiprasada S /

India's annual rate of inflation, based on monthly wholesale price index (WPI), continued to increase in May 2021 too. Surpassing April 2021's all-time high of 10.49 per cent, WPI inflation was 12.94 per cent in May 2021. WPI inflation for textiles increased to 11.37 per cent, while it was 1.16 per cent for apparel, according to the latest official data.

"The high rate of inflation in May 2021 is primarily due to low base effect and rise in prices of crude petroleum, mineral oils viz. petrol, diesel, naphtha, furnace oil etc and manufactured products as compared the corresponding month of the previous year," the Office of Economic Adviser, department for promotion of industry and internal trade, under the ministry of commerce and industry, said.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of May 2021 increased to 132.7 from previous month's 131.7.

The index for manufactured products (weight 64.23 per cent) for May 2021 increased to 131.0 from 129.4 for the month of April 2021. The index for ‘Manufacture of Textiles’ sub-group decreased slightly to 128.3 from previous month's 128.4, while the index for ‘Manufacture of Wearing Apparel’ stood at 140.0 in May 2021.

The index for primary articles (weight 22.62 per cent) dropped slightly to 150.5 in May 2021 from previous month's 151.8. The index for fuel and power (weight 13.15 per cent) was 110.5 in May 2021.

Fibre2Fashion News Desk (RKS)

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