Statsguru: 6 charts explain why inflation risk is growing for the economy

Bloomberg's commodity index is also trending 46 per cent higher

As India trudges out of another series of lockdowns, fuel and food prices are pushing up the inflation rate (chart 1). The headline consumer price inflation rate jumped to 6.3 per cent in May, breaching the upper end of the Reserve Bank of India’s (RBI’s) tolerance band.

 
 Although India had witnessed over 6 per cent inflation between April and November last year, it was on account of a low base.
 
This year’s numbers are over a high base (chart 2). Along with fuel other global commodity prices are also rising, resulting in an overall