Elevated global commodity prices, highly taxed auto fuels and unfavourable base effect propelled wholesale price inflation in May to 12.94%, the highest in the current series with 2011-12 base year, showed the official data released on Monday. Retail inflation, too, spiked to a six-month high of 6.30% in May, as food inflation returned, aided by a 30.84% rise in oils and fats, and price pressure in fuel & light surged (11.58%).
Fuel and power inflation in the wholesale price index (WPI) jumped to as high as 37.61% in May, albeit aided by an inconducive base, while at the retail level, fuel and light inflation surged to 11.58%.
