India’s WPI inflation hits all-time high of 10.49% in April 2021

India’s annual rate of inflation, based on monthly wholesale price index (WPI), hit an all-time high of 10.49 per cent for April 2021, compared to 7.39 per cent in March 2021. The WPI inflation for textiles increased to 9.74 per cent, while it was 0.58 per cent for apparel, according to the Office of the Economic Adviser, ministry of commerce and industry.

“The annual rate of inflation in April 2021 is high primarily because of 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,” an official statement said.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of April 2021 increased to 131.7 from previous month’s 129.3.

The index for manufactured products (weight 64.23 per cent) for April 2021 increased to 129.4 from 127.3 for the month of March 2021. The index for ‘Manufacture of Textiles’ sub-group too rose to 128.4 from previous month’s 127.1, while the index for ‘Manufacture of Wearing Apparel’ sub-group rose slightly to 139.7 from 139.4 in March 2021.

The index for primary articles (weight 22.62 per cent) increased to 151.8 in April 2021 from previous month’s 146.2. The index for fuel and power (weight 13.15 per cent) however decreased to 108.6 from 109.7 in March 2021.

Meanwhile, the all-India inflation rate for consumer price index (CPI) on base 2012=100 stood at 4.29 (provisional) in April 2021 compared to 5.52 (final) in March 2021, according to the Central Statistics Office, ministry of statistics and programme implementation.

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