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Monday, Nov 18, 2019

Wholesale price inflation accelerates to 3.18% in April

Wholesale food prices in April rose 0.67 percent year-on-year, compared with a fall of 0.07 percent a month earlier, government data showed.

business Updated: May 14, 2018 12:26 IST

Reuters, New Delhi
The WPI is higher than the 2.47 percent rise in March.
The WPI is higher than the 2.47 percent rise in March. (AFP File Photo )
         

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

Annual wholesale price inflation last month rose to 3.18 percent from a year earlier, higher than a 2.47 percent rise in March, and an increase of 2.86 percent forecast by economists in a Reuters poll.

Wholesale food prices in April rose 0.67 percent year-on-year, compared with a fall of 0.07 percent a month earlier, data showed.