On increasing crude oil and manufactured goods prices, wholesale price-based inflation reached an all-time high of 10.49% in April.
In addition, the April 2021 inflation increase was aided by a low base from the previous year. In March 2021, WPI inflation was 7.39 per cent, and in April 2020, it was (-) 1.57 per cent. The wholesale price index (WPI)-based inflation has risen for the fourth month in a row.
“Based on monthly WPI, the annual rate of inflation (YoY) in April 2021 (over April 2020) was 10.49 percent.
“The annual rate of inflation in April 2021 is high primarily due to increases in the prices of crude petroleum, mineral oils such as gasoline and diesel, and manufactured goods compared to the same month the previous year,” the Commerce and Industry Ministry said.
Inflation in food articles was 4.92 percent in April, as prices for protein-rich foods like eggs, meat, and fish remained stable.
In the case of vegetables, the price increase was (-) 9.03 percent, compared to (-) 5.19 percent the previous month. In April, inflation in the ‘egg, meat, and fish’ basket was 10.88 percent.
In April, inflation in pulses was 10.74 percent, while it was 27.43 percent in fruits.
In April, inflation in the fuel and power basket was 20.94 percent, while it was 9.01 percent in manufactured goods.