India Business News: The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods. Low b
WPI inflation hits double digits in April at 10.49%; crude prices harden
Top Searches
WPI inflation hits double digits in April at 10.49%; crude prices harden
PTI / May 17, 2021, 12:46 IST
FacebookTwitterLinkedinEMail
Also, a low base of April last year contributed to the spike in inflation in April 2021.
The WPI inflation was 7.39 per cent in March 2021, and (-) 1.57 per cent in April 2020.
This is the fourth straight month of uptick seen in the wholesale price index (WPI)-based inflation. In April, 2021 (over April, 2020), the annual rate of inflation (YoY), based on monthly WPI, stood at 10.49 per cent. 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.
WPI Inflation rising to 11-year high in April major surprise ; to rise further in May: Barclays
Barclays says perishable food products especially vegetables and fruits minerals and basic metals drove the inflation surge in April, which may precede an increase in the CPI in the coming weeks
BusinessToday.In | May 17, 2021 | Updated 15:47 IST
The current surge in WPI is likely too high for the RBI to ignore, says Barclays
Wholesale Price Inflation (WPI) climbing to an 11-year high of 10.49 per cent in April is a major upside surprise , and it is the first time WPI has been in double digits in almost a decade, Barclays said in a report titled, April WPI: Surging ahead has said.
On a month-on-month basis, WPI inflation saw a 3.1 per cent rise as compared to 7.39 per cent in March. The wholesale inflation was 4.17 per cent in February. For January, the WPI inflation rate stood at 2.51 per cent
WPI inflation rises to 8-year high of 7.39% in March
On a month-on-month basis, WPI inflation saw 1.57 per cent rise as compared to 4.17 per cent in February, the commerce ministry data shows. For January, the WPI inflation rate stood at 2.51 per cent
BusinessToday.In | April 15, 2021 | Updated 13:27 IST
Inflation for primary articles rose 0.55 percent in March over February
Wholesale Price Inflation in India climbed to eight-year high of 7.39 per cent in March 2021 compared to the same month last year, primarily due to higher fuel and power prices. Before this, WPI-based inflation was recorded at 8.6 per cent in March 2013. On a month-on-month basis, WPI inflation saw 1.57 per cent rise as compared to 4.17 per cent in February, the commerce ministry data shows.