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1-min read

Wholesale Inflation Turns Positive After 17 Months, 0.34% in April

Press Trust Of India

Updated:May 16, 2016, 12:59 PM IST
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Wholesale Inflation Turns Positive After 17 Months, 0.34% in April
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New Delhi: Wholesale price-based inflation turned positive after 17 months, posting an annual gain of 0.34% in April, on rise in vegetables and pulses prices.

The April Wholesale Price Index-based inflation was at (-)0.85% in March. "The annual rate of inflation, based on monthly WPI, stood at 0.34% (provisional) for the month of April, 2016 as compared to (-)0.85% for the previous month," said the government data released on Monday.

It was (-)2.43% during the corresponding month of 2015, showed the data.

Food inflation stood at 4.23% in April compared with 3.73% in March.

Inflation in vegetables came in at 2.21% compared with (-)2.26% in April while the same in pulses was high at 36.36% as against 34.45%.

However, other daily consumables such as onion and fruits saw further easing of prices, with these sub-indices falling (-)18.18% and (-)2.38%, respectively.

Last week, a government data showed a rise in retail inflation for the month of April at 5.39% versus 4.83% in March.

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