India’s April WPI inflation accelerates to 15.08% y/y

2022.05.17 09:57

2/2

FILE PHOTO: A vendor climbs to his stall as another waits for customers at a wholesale vegetable market in Mumbai, India, March 14, 2018. REUTERS/Danish Siddiqui

2/2

NEW DELHI (Reuters) – India’s annual wholesale price inflation accelerated to a 15.08%% in April from the previous month’s 14.55%, remaining in double-digits for the 13th month in a row, government data showed on Tuesday.

April’s figure was highest since at least April 2005 according to Refinitiv data, and higher than 14.48% forecast in a Reuters poll of analysts.

Fuel prices, a big component of the increase, were up 38.66% on the year versus 34.52% in March.

Source