April WPI data: The wholesale price index has recorded a rise for the fourth consecutive month.
WPI inflation in March 2021 was 7.39 per cent.
Inflation based on wholesale prices reached an all-time high of 10.49 per cent in April due to rising prices of crude oil and manufactured goods. Apart from this, the low base of April last year also contributed to the increase in inflation during April 2021. WPI inflation was 7.39 per cent in March 2021 and minus 1.57 per cent in April 2020.
Inflation based on the Wholesale Price Index (WPI) has risen for the fourth consecutive month. The Ministry of Commerce and Industry said, “The annual rate of inflation based on monthly WPI was 10.49 per cent in April 2021 (as compared to April 2020)”. The ministry said, “mainly mineral oils like crude oil, petrol and diesel. And due to the rise in the prices of manufactured products, the annual rate of inflation in April 2021 is higher than the same month of the previous year. ”
Vegetable prices decreased by 9.03 percent
During this period, inflation in food articles stood at 4.92 per cent due to the steep increase in the prices of protein-rich food products like eggs, meat and fish. However, the prices of vegetables declined by 9.03 percent. On the other hand, egg, meat and fish prices rose by 10.88 per cent.
Inflation of pulses 10.74 percent
In April, the inflation rate of pulses was 10.74 percent, while in fruits it was 27.43 percent. Similarly, fuel and electricity inflation stood at 20.94 per cent in April, compared to 9.01 per cent in manufactured products.
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