Categories: Economy

India’s WPI Inflation Surges To 10.49% For April 2021

The Department for Promotion of Industry and Internal Trade recently released Wholesale Price in India for the month of April 2021. The annual rate of inflation for the month of April 2021 was 10.49%. The WPI for the month of April 2021 stood at 128.1. The base year in calculating WPI is fixed as 2011-12.

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The inflation rate is high in the month mainly because of the price rise in crude petroleum which in turn increased the prices of petrol and diesel in the country. Also, the price rise is due to an increase in the cost of manufactured foods. The annual rate of inflation in April 2021 is high primarily because of rising in prices of crude petroleum, mineral oils viz petrol, diesel, etc, and manufactured products as compared to the corresponding month of the previous year.

WPI Food Index

The WPI Food index consists of food products from the manufactured products group and food articles from the primary articles group. The WPI Food Index increased from 153.4 in March 2021 to 158.9 in April 2021. The increase rate in April is 7.58% and that of March is 5.28%.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.