New Delhi. Corona virus has wreaked havoc on the general public in the country. On the other hand, rising inflation has added fuel to the fire. According to data from the National Statistical Office (NSO), retail inflation rose to a six-month high in May on rising food prices. It stands at 6.3 per cent. Inflation in April was 4.23 per cent. Inflation in food articles stood at 5.01 per cent in May.
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Wholesale inflation rising for five months
There has also been a jump in wholesale prices. Inflation related to this has increased to 12.94 per cent in May. The reason for this is said to be the rise in the prices of crude oil and manufactured goods. Earlier in November 2020, the highest rate of retail inflation was 6.93 per cent.
In May 2020, wholesale inflation was below zero at 3.7 per cent, while in April 2021 it reached double digits to 10.49 per cent. This is the fifth consecutive month that the wholesale inflation rate has increased.
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Inflation rate reaches 6.6%
Inflation in fuel and electricity rose to 11.58 per cent in May from 7.91 per cent in April. At the same time, inflation in the housing sector rose to 3.86 percent from 3.73 percent. In May, the inflation of clothes, footwear increased to 5.32 percent. In May, the inflation of pulses has increased from 7.51 per cent to 9.39 per cent. Inflation in May rose to 6.6 per cent from 5.40 per cent in April.