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Wholesale price inflation cools to 9.59% in April

The wholesale price index (WPI) based inflation eased marginally to 9.59% in April from 9.90% in March, mainly on account of decline in prices of fruits, onions, wheat and cereals, reports PTI.

However, cost of some vegetables and metals remained high, government data showed.

On a year-on-year basis, the food price index was up 16.87% while fuel price index rose 12.55%.

As per the data released by the government the WPI for 'all commodities' for the month of March rose by 1.2% to 253.7 from 250.8, the previous month, indicating the decline in inflation as not much due to decline in prices, but primarily due to correcting of base effect.

According to the monthly inflation data, potato prices fell 28.70% in April, and onion prices dropped 11.62%.

On the other hand, iron and steel prices rose by 11.40% in April compared to March.

Sugar prices fell by 5.74% on monthly basis, but turned costlier compared to last year.
 
 

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