April WPI at 11-year high, further increase seen in May : vi

April WPI at 11-year high, further increase seen in May


April WPI at 11-year high, further increase seen in May
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Synopsis
Data released by the commerce ministry on Monday showed wholesale price index (WPI) based inflation firming up to 10.49% in April from 7.39% in March as food inflation increased to 4.92%. Inflation in fuel and manufacturing items also rose to 20.94% and 9.01%, respectively last month.
Agencies
Wholesale inflation in paddy, cereals, wheat, onion and pulses fell in April, according to the data.
India’s wholesale price inflation hardened to an almost 11-year high in April on a low base and a spike in prices of basic metals, fuel and power, reflecting strong cost-push pressures.

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