Wholesale Price Index Based Inflation hits 11 years High of 10.49% in April;

India’s wholesale inflation rose to the highest in more than a decade, aided b a low base and on spike in prices of basic metals, fuel and power. Inflation as measured by the Wholesale price Index rose to 10.49% in April 2021- the highest since April 2010, According to data released by the Ministry of Commerce and Industry.
On a month-on-month bases, WPI inflation was 310 basis points rise as compared to 7.39 percent in March. The wholesale inflation was 4.83% in February, For January, the WPI inflation rate stood at 2.51%
Meanwhile, India’s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, Primarily due to reduction in food prices, It stood at 5.52% in March.
WPI will remain elevated in the months to come for two reasons- Rising global commodity prices and low base effect. This may sound good for corporate who could be regaining some purchasing power.

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