India's wholesale inflation surges to 15.08 pct as cost of living rises

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India's wholesale inflation surges to 15.08 pct as cost of living rises

STORY: India's wholesale inflation surges to 15.08 pct as cost of living rises DATELINE: May 18, 2022 LENGTH: 00:01:50 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of wholesale market 3. various of food 4. various of crowded general market area 5. various of fuel station STORYLINE: The wholesale price index (WPI), or rate of inflation of items in the wholesale market, in India surged to 15.08 percent in April, up from 14.55 percent in March, showed the data released by the Ministry of Commerce and Industry on Tuesday. The rate of WPI was 10.74 percent in April 2021. The rate of inflation based on the WPI Food Index grew marginally to 8.88 percent in April from 8.71 percent in March. "The high inflation is due to rise in prices of mineral oils, basic metals, petroleum and natural gas, chemicals, food and non-food products," said an official statement. According to media reports, this wholesale inflation is at a three-decade high as high commodity prices and supply-c

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