By FnF Correspondent | PUBLISHED: 15, Jun 2021, 12:53 pm IST | UPDATED: 16, Jun 2021, 10:46 am IST
New Delhi: Coronavirus on one hand and rising inflation on the other has made life miserable for the common man. According to data from the National Statistical Office (NSO), retail inflation rose to 6.3 percent in May, the highest in six months, due to the increase in the prices of food items like edible oils, fruits, and eggs.
In April, inflation stood at 4.23 percent while food inflation stood at 5.01 percent in May.
Wholesale Inflation Increasing For 5 Months In A Row
Inflation based on the Wholesale Price Index (WPI) climbed up to 12.94 percent in May. The reason for this is the increase in the prices of crude oil and manufactured goods and last year's COVID-19 lockdown.
What Became More Expensive Between April-May 2021?
The prices of meat and fish, eggs, fruits, pulses, and related products have increased by 9.03 percent, 15.16 percent, 11.89 percent, and 9.39 percent respectively on an annual basis.
Inflation in the fuel and power category has increased to 11.58 percent. With the rapid rise in prices, WPI inflation in the fuel and power segment rose to 37.61 percent in May from 20.94 percent in April.
In the case of manufactured products, wholesale inflation stood at 10.8 percent in May (compared to 9.01 percent in the previous month). However, in the case of food articles, wholesale inflation declined marginally to 4.31 percent in May. During the same period, the price of onions increased. Onion prices escalated by 23.24 percent in May, while they declined by 19.72 percent in April.