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India’s wholesale inflation jumps to 10.49% in April amid firmer prices of crude petroleum, mineral oils

17 May 2021 Evaluate

Firmer prices of crude petroleum, mineral oils and manufactured products drove India’s inflation based on wholesale price index (WPI) to 10.49% (provisional) in April 2021 (over April 2020). Component wise, primary articles index having weight of 22.62%, increased by (3.83%) to 151.8 (Provisional) in April 2021 from 146.2 (Provisional) for the month of March 2021. Prices of Minerals, Crude Petroleum & Natural Gas, Food Articles and Non-food Articles increased in April 2021 as compared to March 2021.

Fuel & Power index, having weight of 13.15%, declined by (1.00%) to 108.6 (Provisional) in April 2021 from 109.7 (Provisional) for the month of March 2021. Prices of Coal and Mineral Oils increased in April 2021 as compared to March 2021, while prices of electricity declined in April 2021 as compared to March 2021.

Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by (1.65%) to 129.4 (Provisional) in April 2021 from 127.3 (Provisional) for the month of March 2021. Meanwhile, for the month of February 2021 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 128.1 and 4.83% respectively.

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