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WPI inflation accelerates to 3.18% in April
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WPI inflation accelerates to 3.18% in April
May 14, 2018 3:34 AM

India's annual wholesale price inflation accelerated in April, helped by higher fuel and food product prices, government data showed on Monday.

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Annual wholesale price inflation last month rose to 3.18% from a year earlier as against the CNBC-TV18 poll of 2.92%. WPI inflation rose 2.47% in March.

Wholesale inflation in manufactured products rose 3.11% as against 3.03% from the month before while wholesale food prices in April rose 0.67% year-on-year, compared with a fall of 0.07% a month earlier, data showed.

source: tradingeconomics.com

Wholesale inflation was expected to harden on the back of seasonal uptick in food prices and rising core inflation.

Wholesale inflation in fuel and power rose sharply at 7.85% versus 4.70% on a month-on-month basis.

WPI for vegetables came in at a negative 0.89% as against 2.7% drop in the month before.

First Published:May 14, 2018 12:34 PM IST

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