WPI inflation touches 6.01%, Highest in five months, Markets fall

The Wholesale Price Index based inflation for May rose to 6.01%, much higher than the last month’s 5.20%. The projections were for 5.40% only. Higher food costs, and fuel costs drove the WPI inflation up. The markets reacted sharply to the news, with Banking, Infra, Motor and PSU stocks coming in the red.

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