The wholesale price-based inflation rose up to 10.49 percent in April, as against 7.39 percent in March. This is the fourth straight month of uptick seen in the wholesale price index (WPI)-based inflation.
The surge was due to the rising prices of crude oil and manufactured items. Also, a low base of April last year contributed to the spike in inflation in April 2021.
”In April, 2021 (over April, 2020), the annual rate of inflation (YoY), based on monthly WPI, stood at 10.49 percent. ”The annual rate of inflation in April 2021, is high primarily because of rise in prices of crude petroleum, mineral oils viz petrol, diesel, etc, and manufactured products as compared to the corresponding month of the previous year,” the Commerce and Industry Ministry said.
Inflation in food articles in April was 4.92 percent as prices of protein-rich items like egg, meat and fish hardened. In vegetables, the rate of price rise was (-) 9.03 percent, against (-) 5.19 percent in the previous month. In the ’egg, meat and fish’ basket inflation was 10.88 percent in April.
Inflation in pulses was 10.74 percent in April, while in fruits it was 27.43 percent. Inflation in the fuel and power basket was 20.94 percent in April, while in manufactured products it was 9.01 percent.
-With PTI inputs
First Published: IST