India's wholesale inflation surges to 15.08 pct as cost of living rises
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E-mail Xinhua, May 17, 2022
NEW DELHI, May 17 (Xinhua) -- The wholesale price index (WPI), or rate of inflation of items in wholesale market, in India surged to 15.08 percent in April, up from 14.55 percent in March, showed the data released by the Ministry of Commerce and Industry on Tuesday.
The rate of WPI was 10.74 percent in April 2021. The rate of inflation based on WPI Food Index grew marginally to 8.88 percent in April from 8.71 percent in March.
"The high inflation is due to rise in prices of mineral oils, basic metals, petroleum and natural gas, chemicals, food and non-food products," said an official statement.
According to media reports, this wholesale inflation is at a three-decade high as high commodity prices and supply-chain disruptions pushed up input cost for producers.
Rising prices of food items and other daily use items, particularly fuels (Petrol, Diesel and CNG), over the past few months have increased the cost of living for people in India. Enditem
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