India, June 16 -- Wholesale price inflation shot up to a record 9.68 per cent in May, from 8.26 per cent in April, led by a sharp spike in prices of fuel and power, reflecting the impact of energy shocks emanating from the West Asia war.

The May wholesale price index (WPI)-based inflation is the highest in the current series with a base year of 2022-23.

The Commerce and Industry Ministry on Monday released the May WPI-inflation data, revising the base year to 2022-23, from 2011-12 earlier - the first revision in nine years. The total number of items in the new WPI basket has increased from 697 to 957. New sources of energy, such as solar and wind, have been added under the 'electricity' group. In addition, nuclear electricity has been i...