Team News Riveting
New Delhi, May 17
India’s inflation based on the Wholesale Price Index (WPI) rose further to 15.08 percent in April from 14.55 percent in March, according to data released by the commerce ministry on May 17.
The WPI inflation was 10.74 percent a year ago.
The rate of inflation based on WPI Food Index increased marginally from 8.71 per cent in March, 2022 to 8.88 per cent in April, 2022. The high rate of inflation in April, 2022 was primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, food articles, non-food articles, food products and chemicals & chemical products etc. as compared to the corresponding month of the previous year.
The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade released the index numbers of wholesale price in India (Base Year: 2011-12) for the month of April, 2022 (Provisional) and for the month of February, 2022 (Final). Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.
The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group have increased from 167.3 in March, 2022 to 172.9 in April, 2022. The rate of inflation based on WPI Food Index increased from 8.71 per cent in March, 2022 to 8.88 per cent in April, 2022.
