WPI Inflation hits 4-month high at 3.18% in April
New Delhi, May 14 (KNN) India’s wholesale inflation was at a 4-month high in April as it grew 3.18 per cent as the prices of some vegetables and fuel & power soared up.
According to the latest price data released by the commerce and industry ministry, WPI witnessed a growth of 2.47 percent in March and 3.85 percent April 2017.
Wholesale inflation rate, measured by Wholesale Price Index (WPI), is a marker for price movements in bulk buys for traders and reflects the trends in shop-end prices approximately.
Primary articles, which accounts for more than a fifth of the entire wholesale price index, grew 1.41 percent in April from 1.03 percent year a percent ago and 0.24 percent in March.
The index for Manufactured Products group rose by 0.3 percent to 116.1 (provisional) from 115.7 (provisional) for the previous month.
The manufactured products which showed a rise in inflation were – Textiles, Wearing Apparel, Leather and Related Products, Printing and Reproduction of Recorded Media, Chemicals and Chemical Products, Rubber and Plastics Products ETC.
The manufactured products which showed decline in inflation were - Fabricated Metal Products, Except Machinery and Equipment, Pharmaceuticals, Medicinal Chemical and Botanical Products, Paper and Paper Products, Wood and of Products of Wood and Cork, Tobacco Products etc. (KNN Bureau)