India’s WPI inflation spikes to fifteen.08% in April: Govt information

India Wholesale Price Index (WPI) Data: The wholesale inflation throughout the nation rose to fifteen.08 per cent in April, information launched by the Ministry of Commerce & Industry confirmed.

The wholesale worth index (WPI) grew 14.55 per cent throughout the month of March, whereas the WPI for February was revised to 13.11 per cent from 13.43 per cent, the info confirmed. The WPI in April 2021 was at 10.74 per cent.

The WPI inflation has remained within the double digits for the thirteenth consecutive month ranging from April 2021.

“The high rate of inflation in April, 2022 was primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, food articles, non-food articles, food products and chemicals & chemical products etc. as compared to the corresponding month of the previous year,” the federal government stated in its press launch.

The meals articles section witnessed an increase of 8.35 per cent in April, the info confirmed. In the month previous to that, this was 8.06 per cent. The marginal month-on-month rise may be attributed to an increase in vegetable costs.

Vegetable costs rose 23.24 per cent in April, towards an increase of 19.88 per cent in March, the info confirmed. Prices of potato climbed 19.84 per cent whereas that of onions slipped (-)4.02 per cent. However the costs of fruits witnessed a spike of 10.89 per cent final month from 10.62 per cent in March, whereas that of wheat eased to 10.70 per cent from 14.04 per cent a month in the past. Eggs, meat and fish costs eased to 4.50 per cent in April from 9.42 per cent a month in the past and cereals rose 7.80 per cent final month compared to 8.12 per cent in March.

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