WPI Inflation Surges To 10.49% For April, 2021

A rise in prices of crude petroleum, mineral oils viz petrol, diesel etc, and manufactured products as compared to the corresponding month of the previous year, pushed Wholesale Price Inflation to a solid 10.49% for the month of April, 2021, when compared to April of last year.

Primary Articles, which has a weight of 22.62% in the index for this major group increased by (3.83%) to 151.8 (Provisional) in April, 2021 from 146.2 (Provisional) for the month of March, 2021.

Prices of Minerals (6.66%), Crude Petroleum & Natural Gas (4.80%), Food Articles (3.84%) and Non-food Articles (2.65%) increased in April, 2021 as compared to March, 2021.

The Reserve Bank of India MPC does not consider, the WPI inflation and takes into account the CPI Inflation, while determining the course of interest rates.

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of Wholesale Price in India for the month of April, 2021 (Provisional) and for the month of February, 2021 (Final) in this press release. 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 provisional index is finalized, released and frozen thereafter.