WPI inflation touches double digits in April 2021

 

WPI inflation touches double digits in April

While food inflation rose to 4.92%, inflation for fuel and manufacturing items increased to 20.94% and 9.01% respectively.

1 min read . 12:49 PM ISTAsit Ranjan MishraIndia’s wholesale price inflation galloped to double digits in April as pricing pressure built up due to rising oil and commodity prices, reflecting strong cost-push pressures.

Data released by the commerce ministry on Monday showed wholesale price index (WPI) based inflation rose to 10.49% in April compared to 7.39% in the preceding month. While food inflation rose to 4.92%, inflation for fuel and manufacturing items increased to 20.94% and 9.01% respectively.