INSUBCONTINENT EXCLUSIVE:
Inflation based on wholesale prices shot
(WPI) based inflation stood at 3.18 per cent in April and 2.26 per cent in May last year
According to government data released on Thursday, inflation in food articles was at 1.60 per cent in May 2018, as against 0.87 per cent in
power' basket rose sharply to 11.22 per cent in May from 7.85 per cent in April as prices of domestic fuel increased in line with rising
double digits at 15.40 per cent, while pulses saw a deflation of 21.13 per cent
per cent was a 14-month peak
the Reserve Bank earlier this month hiked interest rate by 0.25 per cent-- the first hike in more than four years -- due to growing concerns
4.87 per cent in May on costlier food items such as fruits, vegetables and fuel
RBI mainly takes into account retail inflation data while formulating monetary policy.(Except for the headline, this story has not been
edited by TheIndianSubcontinent staff and is published from a syndicated feed.)