India`s WPI inflation accelerates to 1.26% in April
Inflation based on wholesale price index (WPI) accelerated in the month of April 2024 to 1.26% from 0.53% in March 2024, due to increase in prices of food articles, crude petroleum & natural gas, manufacture of food products, other manufacturing etc.
The Component wise, primary articles index, having weight of 22.62%, increased 1.97% to 186.7 (provisional) in April 2024 from 183.1 (provisional) for the month of March 2024, on the back of rise in prices of crude petroleum & natural gas and food articles. However, there was decline in prices of non-food articles and minerals in the reported month.
Fuel & Power index, having weight of 13.15%, declined 0.26% to 154.8 (provisional) in April 2024 from 155.2 (provisional) for the month of March 2024, as prices of electricity declined in April 2024 as compared to March, 2024. On the other hand, prices of mineral oils increased in April 2024 as compared to March 2024.
Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, surged 0.50% to 140.8 (provisional) in April 2024 from 140.1 (provisional) for the month of March 2024. Meanwhile, for the month of February 2024 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 151.2 and 0.20% respectively.
