NEW DELHI (XINHUA) – The wholesale price index (WPI), or rate of inflation of items in wholesale market, in India surged to 15.08 per cent in April, up from 14.55 per cent in March, showed the data released by the Ministry of Commerce and Industry yesterday.
The rate of WPI was 10.74 per cent in April 2021. The rate of inflation based on WPI Food Index grew marginally to 8.88 per cent in April from 8.71 per cent in March.
“The high inflation is due to rise in prices of mineral oils, basic metals, petroleum and natural gas, chemicals, food and non-food products,” said an official statement.
According to media reports, this wholesale inflation is at a three-decade high as high commodity prices and supply-chain disruptions pushed up input cost for producers.
Rising prices of food items and other daily use items, particularly fuels (Petrol, Diesel and CNG), over the past few months have increased the cost of living for people in India.
