India's WPI inflation rises to 6 month high of 10.49% in April
text_fields
New Delhi: India's wholesale price inflation, rose to 10.49 per cent in April from a rise of 7.39 per cent in March. This is the highest rate of WPI inflation in the last 6-months.
"In April 2021 (over April 2020), the annual rate of inflation (YoY), based on monthly WPI, stood at 10.49 per cent (Provisional)," the Ministry of Commerce and Industry said in a statement on WPI.
The monthly rate of inflation, based on month over month movement of the WPI index, in April 2021 stood at 1.86 per cent as compared to March 2021.
On a year-on-year basis, the inflation rate last month was higher. The WPI had come in about (-) 1.57 per cent in April of 2020.
"The annual rate of inflation in April 2021 is high primarily because of rising in prices of crude petroleum, mineral oils viz petrol, diesel etc, and manufactured products as compared to the corresponding month of the previous year," said the official reports.
