Wholesale inflation at all-time high in April at 10.49%

The wholesale price-based inflation shot up to an all-time high of 10.49 per cent in April, on rising prices of crude oil and manufactured items.

The wholesale price-based inflation shot up to an all-time high of 10.49 per cent in April, on rising prices of crude oil and manufactured items. Also, a low base in 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 an 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 the 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.