New Delhi: 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 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 price 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 Wholesale Price Index (WPI) are released on 14th of every month (or 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.
