Wholesale inflation hit a 13-month high in April

Current Context: Inflation in India’s wholesale prices rose to a 13-month high in April.

Relevant facts:

• Food inflation rose to 26% in April from 0.53% in March.
• Fuel and power prices rose 4% year-on-year.
• Vegetables inflation spurted to 6% from 19.5% in March.
• Price rise in primary food articles picked up from 88% in March to a four-month high of 7.74% in April.
• Cereals and Pulses inflation which stood at 7% and 16.6%.

ABOUT WHOLESALE PRICE INDEX

• A wholesale price index (WPI) is an inflation indicator that measures change in the overall price level of goods before they are sold at retail.
• Base year -2011-2012
• Released by Department for Promotion of Industry and Internal Trade (DPIIT), under India’s Ministry of Commerce and Industry.
• Data released on the 14th of every month or on the next working day.