Wholesale inflation inches up after 17 months

SansadTV Bureau
inflation_market

File Photo: The price rise is mainly on account of a sharp rise in vegetable and pulse prices.

First time in 18 months, wholesale prices have gone up in April this year in comparison with prices during the same month last year. The recent rise is mainly on account of price rise in vegetables and pulses.

The Wholesale Price Index-based inflation was at (-)0.85 per cent in March.

“The annual rate of inflation, based on monthly WPI, stood at 0.34 per cent (provisional) for the month of April, 2016 as compared to (-)0.85 per cent for the previous month,” said the government data released today.

It was (-)2.43 per cent during the corresponding month of the previous year, showed the data.

Food inflation stood at 4.23 per cent in April compared with 3.73 per cent in March.

However, other daily consumables such as onion and fruits saw further easing of prices, with these sub-indices falling (-)18.18 per cent and (-)2.38 per cent, respectively.

Last week a government data showed a rise in retail inflation for the month of April at 5.39 per cent versus 4.83 per cent in the previous month.