India's April WPI inflation accelerates to 15.08% YoY, in double-digits for 13th consecutive months

India's annual wholesale price inflation or Wholesale Price Index (WPI) accelerated to a 15.08 per cent in April from the previous month's 14.55 per cent, 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 per cent forecast in a Reuters poll of analysts.

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

Month over Month Change in Major Groups of WPI:

Primary Articles (Weight 22.62%):-The index for this major group increased by 2.70% to 174.9 (provisional) in April, 2022 from 170.3 (provisional) for the month of March, 2022. Prices of Food Articles (3.61%),

Non-food Articles (1.20%), Crude Petroleum & Natural Gas (0.59%) and Minerals (0.13%) increased in April, 2022 as compared to March, 2022.

Fuel & Power (Weight 13.15%):- The index for this major group increased by 2.79% to 151 (provisional) in April, 2022 from 146.9 (provisional) for the month of March, 2022. Prices of Mineral Oils (7.58%) increased in April, 2022 as compared to March, 2022. Prices of Electricity (-9.68%) declined in April, 2022 as compared to March, 2022.

Manufactured Products (Weight 64.23%):-The index for this major group increased by 1.69% to 144 (provisional) in April, 2022 from 141.6 (provisional) for the month of March, 2022. Out of the 22 NIC two-digit groups for manufactured products, 18 groups have witnessed increase in prices while 3 groups that have witnessed decrease in prices. The increase in prices is mainly contributed by basic metals, chemicals and chemical products, textiles, machinery and equipment, electrical equipment, and food products. Some of the groups that have witnessed decrease in prices are motor vehicles, trailers and semi-trailers, computer, electronic and optical products; leather and related products in April, 2022 as compared to March, 2022. While the Manufacture of beverages remain unchanged in April, 2022 as compared to March, 2022.

5. WPI Food Index (Weight 24.38%): The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have increased from 167.3 in March, 2022 to 172.9 in April, 2022. The rate of inflation based on WPI Food Index increased from 8.71% in March, 2022 to 8.88% in April, 2022.

6. Final index for the month of February 2022 (Base Year: 2011-12=100): For the month of February, 2022 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 145.3 and 13.43% respectively. The details of all India Wholesale Price Indices and Rates of Inflation for different commodity groups for April, 2022 are at Annex I. The Annual rate of Inflation (Y-o-Y) based on WPI for different commodity groups in the last six months are at Annex II. The WPI Index for different commodity groups in the last six months is at Annex III.

7. Response Rate: The WPI for April, 2022 have been compiled at a weighted response rate 83 percent, while the final figure for February, 2022 is based on the weighted response rate of 92 percent. The provisional figures of WPI will undergo revision as per the final revision policy of WPI. This press release, item indices, and inflation numbers are available at our home page http://eaindustry.nic.in

Next date of Press Release: WPI for the month of May, 2022 would be released on 14/6/2022.