WPI inflation slips to 3.07% in April on cheaper fuel, manufactured items; food prices still high

Wholesale price-based inflation slipped to 3.07 percent in April on cheaper fuel and manufactured items, even as prices of food articles remained high, according to an official data released on Tuesday

Press Trust of India May 14, 2019 13:35:38 IST
WPI inflation slips to 3.07% in April on cheaper fuel, manufactured items; food prices still high
  • The Wholesale Price Index (WPI)-based inflation was at 3.18 percent in March

  • It was 3.62 percent in April 2018

  • Inflation in food articles hardened with steep rise in prices of vegetables during April

New Delhi: Wholesale price-based inflation slipped to 3.07 percent in April on cheaper fuel and manufactured items, even as prices of food articles remained high, according to an official data released on Tuesday.

The Wholesale Price Index (WPI)-based inflation was at 3.18 percent in March. It was 3.62 percent in April 2018.

Inflation in food articles hardened with steep rise in prices of vegetables during April.

WPI inflation slips to 307 in April on cheaper fuel manufactured items food prices still high

Representational image. Reuters.

Vegetables inflation was at 40.65 percent in April, up from 28.13 percent in the previous month.

Inflation in food articles basket was 7.37 percent, up from 5.68 percent in the previous month.

Inflation in 'fuel and power' category cooled to 3.84 percent, from 5.41 percent in March. Manufactured items too saw easing of prices with inflation at 1.72 percent in April, against 2.16 percent in March.

The Reserve Bank, which mainly factors in retail inflation for monetary policy decision, had last month cut interest rate by 0.25 percentage points.

Retail inflation inched up to a six-month high of 2.92 percent in April due to a spike in food prices, including vegetables, meat, fish and eggs, data released on Monday showed.

For April-September period, the RBI has projected retail inflation at 2.9-3 percent, mainly due to lower food and fuel prices as well as expectation of a normal monsoon.

The Monetary Policy Committee headed by the RBI Governor would be meeting early June for second monetary policy review for the fiscal.

Updated Date:

also read

WPI inflation falls to 3.58% in December as vegetable prices decline even as fuel costs surge
Business

WPI inflation falls to 3.58% in December as vegetable prices decline even as fuel costs surge

Inflation in protein rich eggs, meat and fish cooled to 1.67 percent in December, while that in fruits spiked to 11.99 percent

WPI inflation rises to 14-month high of 4.43% in May on costlier fuel, vegetables
Business

WPI inflation rises to 14-month high of 4.43% in May on costlier fuel, vegetables

Inflation based on wholesale prices shot up to a 14-month high of 4.43 percent in May on increasing prices of petrol and diesel as well as vegetables

Wholesale inflation eases to 2.26% in February on cheaper food articles, vegetables
Business

Wholesale inflation eases to 2.26% in February on cheaper food articles, vegetables

Wholesale price index (WPI) based inflation softened to 2.26 percent in February on the back of cheaper foods and vegetables, government data showed on Monday