New series debut: WPI at 9.7% in May; energy costs drive surge; revamped index expands basket to 957 items

India's wholesale inflation hit a record 9.7 percent in May. This surge was primarily fueled by rising energy costs. The new Wholesale Price Index series, with a 2022-23 base year, now includes more items. Experts anticipate a slight easing in June due to cooling global energy prices. Retail inflation also saw an increase.

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