New Delhi, May 17
The wholesale price-based inflation shot up to an all-time high of 10.49% in April, on rising prices of food items, crude oil and manufactured goods, and experts believe the uptrend is likely to continue.
This is the fourth straight month of uptick seen in the wholesale price index (WPI)-based inflation. In March, 2021, it was 7.39%.
The low base in April last year, when WPI inflation was (-) 1.57%, also contributed to the spike in April 2021.
“The annual rate of inflation in April 2021, is high primarily because of 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 Ministry of Commerce and Industry said.
Inflation in food articles in April was 4.92% as prices of protein-rich items like egg, meat and fish hardened. Inflation in this basket was 3.24% in March 2021.
This was led by 10.88% inflation in ‘egg, meat and fish’ basket during April, 10.74% in pulses and 27.43% in fruits.
In vegetables, the rate of price rise was (-) 9.03%, against (-) 5.19% in the previous month. — PTI