India's Wholesale Price Index (WPI)-based inflation surged to 2.61 per cent in May 2024, marking the highest rate in 15 months since February 2023, when it stood at 3.85 per cent, before dropping to 1.41 per cent in March 2023
Last month, India's WPI-based inflation hit a 13-month high, reaching 1.26 per cent year-on-year, according to the data released by the Ministry of Commerce and Industry on Friday.
