The country’s inflation rate based on the Wholesale Price Index (WPI) edged up to 1.26 per cent in April, compared to the same month last year, data released by the Commerce and Industry Ministry on Tuesday showed.
Prices of crude petroleum and natural gas (3.56 per cent) and food articles (2.67 per cent) rose in April 2024 compared to March 2024. However, prices of non-food articles (-1.19 per cent) and minerals (-1.55 per cent) declined during the same period.
The WPI Food Index, with a weightage of 24.38 per cent, showed an upward trend with the rate of inflation increasing from 4.65 per cent in March to 5.52 per cent in April.
Fuel and Power, constituting 13.15 per cent of the index, experienced a slight decline. The index for this segment dropped by 0.26 per cent. While prices of mineral oils (0.06 per cent) increased, those of electricity (-1.20 per cent) witnessed a dip in April 2024 compared to March 2024.