Economy, Asia - Pacific
Wholesale prices in India in April shoot up record level
Wholesale prices have climbed double-digit figures for last 13 months in a row
Gokhan Ergocun |
18.05.2022 - Update : 18.05.2022
ISTANBUL
India’s wholesale price index (WPI) rose 15.08% year-on-year in April, hitting a historic high.
According to official provisional data late Tuesday, the wholesale price index has been climbing by double-digit figures for the last 13 months in a row.
The increase stemmed from rises in prices of mineral oils, basic metals, crude petroleum, natural gas, food articles, non-food articles, food products, and chemicals.
WPI inflation in April 2021 was 10.74%.
The country's annual inflation rate also hit 7.79% in April, an eight-year high.
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