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.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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%.
China is facing an intensifying demographic challenge. New official data shows that China's population declined…
India is moving steadily towards a major economic milestone. According to a recent analysis by…
Central banks are the backbone of a country’s financial system. They control money supply, manage…
India continues to strengthen its indigenous defence manufacturing ecosystem. The Indian Navy has signed a…
As you know the ODI Cricket World Cup 2024 is concluded on 19th November 2023…
Renowned music maestro Ilaiyaraaja is set to receive a major cinematic honor in early 2026.…