NEW DELHI, May 14 (Xinhua) -- India's wholesale price index (WPI) rose 1.26 percent in April, according to data released Tuesday by the Federal Ministry of Commerce and Industry.
"The annual rate of inflation based on all India WPI number is 1.26 percent (provisional) for the month of April 2024 (over April 2023)," read a statement issued by the ministry. "Positive rate of inflation in April 2024 is primarily due to increase in prices of food articles, electricity, crude petroleum and natural gas, manufacture of food products, other manufacturing etc."
WPI for the month of March was recorded as 0.53 percent.
WPI inflation, an indicator of prices in the wholesale market, rises or falls mainly due to steep increase or decrease in commodity prices globally.
WPI Food inflation increased from 4.65 percent in March to 5.52 percent in April. The index for the manufactured products group increased by 0.50 percent to 140.8 in April from 140.1 in March. The index for primary articles group increased by 1.97 percent to 186.7 in April from 183.1 in March.
The index for fuel and power group declined by 0.26 percent to 154.8 in April from 155.2 in March. ■
