New Delhi: In the month of April, wholesale inflation has seen a record breaking pace in the country. The wholesale inflation rate has increased to 10.49 per cent in April 2021. It is all time high. Whereas in March it stood at 7.29 percent, which was the highest in 8 years. Let us know that there is a continuous rise in wholesale inflation. Wholesale inflation stood at 4.17 percent in February. At present, inflation has broken all records in April.
The Commerce Ministry stated that WPI inflation based on wholesale prices stood at 10.49 per cent in April 2021. This annual inflation rate is higher in April 2021 because the prices of crude oil, mineral oil like petrol and diesel etc. have increased. Similarly, the prices of manufactured products have also increased. Compared to March, prices of primary commodities like metals, crude oil and gas, food items and non-food items have increased 3.83 percent. Inflation has also increased due to low base.
Wholesale inflation for manufactured products has gone up from 7.34 per cent in March to 9.01 per cent in April. At the same time, the wholesale inflation of primary articles in April has increased from 6.40 per cent in March to 10.16 per cent.
In April, fuel and power inflation has increased from 10.25 per cent in March to 20.94 per cent. During this period, the prices of electricity, crude oil, petrol, diesel and cooking gas have increased.
On a monthly basis, food wholesale inflation in April has increased from 5.28 per cent in March to 7.58 per cent. However, the inflation in pulses has seen a decline in April and it has come down to 10.74 per cent from 13.14 per cent in March. At the same time, egg, meat, fish inflation has increased from 5.38 per cent in March to 10.88 per cent.
Onion inflation was at -9.03 per cent as against 5.15 per cent in March. In April, milk inflation declined to 2.04 percent from 2.65 percent in March. Whereas, the wholesale inflation of vegetables has come down to -9.03 per cent as against 5.19 per cent in March. The wholesale inflation rate of potato has been at -30.44 per cent as against -33.40 per cent in March.