April marks the sixth successive month that the Wholesale Price Index has risen on a year-on-year foundation. Representational file picture.
| Photo Credit: SUSHIL KUMAR VERMA
Inflation in India’s wholesale costs rose to a 12-month excessive of 1.26% in April, from 0.53% in March, owing to an uptick in meals inflation and a 1.4% year-on-year rise in gasoline and energy costs after a number of months of deflation.
The Wholesale Food Index rose 5.5%, in contrast with 4.65% in March, whereas the decline in manufactured merchandise’ costs eased to 0.4% in April from 0.8% in the earlier month. Inflation in major articles additionally moved up from 4.5% in March to 5% final month, indicating a broad-based reversal of wholesale price traits.
Also learn | Food inflation scaled 4-month peak of 8.7% in April
April marks the sixth successive month that the Wholesale Price Index (WPI) has risen on a year-on-year foundation, after seven months of deflation. On a month-on-month foundation, the WPI was up 0.8% with major articles and meals costs rising practically 2% in April, whereas manufactured merchandise had been up 0.5%.
“Positive rate of inflation in April, 2024 is primarily due to increase in prices of food articles, electricity, crude petroleum & natural gas, manufacture of food products, other manufacturing, etc.”, the Commerce and Industry Ministry mentioned.
