India's wholesale inflation hits 13-month high

Wednesday 22nd May 2024 07:04 EDT
 

India's wholesale price inflation shot up to a 13-month high in April, led by fuel, power, manufactured products and food prices, prompting experts to say that they expect the numbers to harden in the months ahead.
Data released by the commerce and industry ministry showed inflation, as measured by the wholesale price index (WPI), rose an annual 1.3% in April, higher than the 0.5% recorded in March and above the contraction of 0.8% in April last year.
The ministry said the positive rate of inflation in April was primarily due to increase in prices of food articles, electricity, crude and gas.


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