India’s wholesale value index (WPI) inflation is all the way down to -0.92 per cent in April this yr versus 1.34 per cent in March this yr. The WPI meals inflation got here all the way down to 0.17 per cent in April from 2.32 per cent in March. Whereas the WPI edible oils inflation stood at -25.91 per cent in April, WPI main articles inflation stood at 1.60 per cent throughout the identical interval.
WPI inflation for gas and energy and manufactured merchandise stood at 0.93 per cent and -2.42 per cent in April respectively, as per the Commerce Ministry information. The Commerce Ministry attributed the autumn in WPI inflation to “fall in costs of fundamental metals, meals merchandise, mineral oils, textiles, non-food articles, chemical and chemical merchandise, rubber and rubber merchandise and paper and paper merchandise”.
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