Last Updated on May 17, 2021 by Dhruv Brahmbhatt
Inflation, as measured by the Wholesale Price Index (WPI), rose to an all-time high of 10.49 per cent in April on account of rising crude oil and manufactured goods. In addition, the lows in April last year also contributed to the rise in inflation during April 2021. WPI inflation was 7.39 per cent in March 2021 and minus 1.57 per cent in April 2020.
In April 2021, the annual rate of inflation was 10.49 percent
Inflation based on wholesale price index rose for the fourth consecutive month. “In April 2021 (compared to April 2021), the annual rate of inflation was 10.49 per cent,” the Commerce and Industry Ministry said. The ministry said, “Mainly mineral oil like crude oil, petrol and diesel. And due to rising product prices, the annual rate of inflation in April 2021 is higher than the same month last year. ”
During the period, food inflation stood at 4.92 per cent on account of sharp rise in prices of protein-rich food products like eggs, meat and fish. However, vegetable prices declined by 9.03 per cent. On the other hand, eggs, meat and fish became dearer by 10.88 per cent.
Inflation in pulses was 10.74 per cent
Inflation in pulses was 10.74 per cent in April, while in fruits it was 27.43 per cent. Similarly, inflation in fuel and electricity was 20.94 per cent in April, while in products it was 9.01 per cent.