WPI Inflation accelerates to 3.18% in April on rising fuel prices, costlier fruits and vegetables

New Delhi: Inflation based on wholesale prices shot up to 3.18 percent in April on increasing prices of petrol and diesel as well as fruits and vegetables. The Wholesale Price Index (WPI) based inflation stood at 2.47 percent in March and 3.85 percent in April last year.

According to government data released today, inflation in food articles was at 0.87 percent in April 2018, as against a deflation of 0.29 percent in the preceding month.

Inflation. Representative image. AFP

Inflation. Representative image. AFP

Deflation in vegetables was 0.89 percent in April, while in the previous month it was 2.70 percent.

Inflation in 'fuel and power' basket rose sharply to 7.85 percent in April from 4.70 percent in March as prices of domestic fuel increased in line with rising global crude oil rates.

Inflation in fruits was in double digits at 19.47 percent in April, up from 9.26 percent in the previous month.

The WPI inflation for February was revised upwards to 2.74 percent from the provisional estimate of 2.48 percent.

In its first monetary policy review for the fiscal, the Reserve Bank last month maintained status-quo on interest rate citing inflationary concerns.

Data on retail inflation is scheduled to be released later in the day. RBI mainly takes into account retail inflation data while formulating monetary policy.

The central bank revised downward forecast for retail inflation to 4.7-5.1 percent for April-September and 4.4 percent for October-March.


Updated Date: May 14, 2018 19:03 PM

Also Watch

Social Media Star: India’s top lifestyle bloggers share their trade secrets on the latest episode
  • Friday, July 27, 2018 First Day First Showsha — Reviewing Tom Cruise's Mission: Impossible - Fallout in 10 questions
  • Friday, August 10, 2018 It's a Wrap: Fanney Khan stars Anil Kapoor, Rajkummar Rao, Pihu Sand in conversation with Parul Sharma
  • Wednesday, August 15, 2018 Partition's real cost: Sonam Kalra revisits accounts of separation, loss in a spellbinding performance
  • Monday, August 13, 2018 Asian Games 2018: How Indian women's hockey team moved on from heartbreak at London World Cup

Also See