Dynamite News Wholesale inflation on high food prices jumps to 1.26 pc in April
The data showed that the rate of inflation based on WPI Food Index increased from 4.65% in March, 2024 to 5.52% in April, 2024. Read further on Dynamite News:
New Delhi: Primarily driven by high food and vegetable prices, India's wholesale price index (WPI) based inflation rose to 1.26% year-on-year in April 2024 from 0.53% in the previous month, data released by Ministry of Commerce and Industry showed on Tuesday.
The data showed that the rate of inflation based on WPI Food Index increased from 4.65% in March, 2024 to 5.52% in April, 2024.
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"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," said an official release.
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As per data released by Ministry of Statistics & Programme Implementation (MoSPI) on Monday this week, India's retail inflation measured by consumer price index (CPI) eased to 4.83% in April this year even as food inflation remained elevated primarily on account of pulses and vegetable prices staying firm. (with Agency inputs)