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WPI inflation dips to 3.07% in April; food prices on the rise

Wednesday, May 15, 2019

Wholesale inflation eased to 3.07% in April on cheaper fuel and manufactured items, even as prices of food articles remained high, official data released yesterday showed.

The Wholesale Price Index-based inflation was at 3.18% in March and 2.93% in February. It was 3.62% in April 2018.

Inflation in the 'food articles' basket hardened to 7.37% during April 2019 as against 5.68% in March, as prices of vegetables skyrocketed. Food inflation has been on the rise for the last five months since December 2018 when it was (-) 0.42%.

Vegetables inflation too has seen a steep rise since December 2018 when it was (-)19.29%. It stood at 40.65% in April, up from 28.13% in the previous month.  Amongst food items, inflation in potato cooled to (-)17.15%. In case of onion and fruits, it stood at (-)3.43% and (-)6.88%, respectively, in April.

However, inflation in the 'fuel and power' category cooled to 3.84%, from 5.41% in March.

Inflation in diesel halved to 3.24% during the month from 7.33% in March. For petrol, inflation was 1.74% in April, as against 1.78% in the previous month.

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