WPI inflation soars to 14-mth high; rises to 4.43% in May from 3.18% in Apr

Wholesale inflation had been on a downward curve since November, closely imitating food inflation which had crashed over the period

A rebound in food inflation and a jump in fuel prices in May led to wholesale inflation in the country rising to 4.43 per cent, from 3.18 per cent in April, its fastest uptick in 14 months.

Figures released by the commerce ministry on Thursday showed that rising inflation in the wholesale price index (WPI) was mainly led by double-digit inflation in petrol prices, while food prices rose by 1.6 per cent after low growth or deflation for the last three months.

Pressure on inflation as a whole is mounting. On the other hand, retail inflation - measured by the