India’s WPI Inflation Scales Up To 10.5% In April: CARE Ratings
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CARE Ratings Research Report
India's wholesale price inflation in April 2021 has scaled up to 10.5% compared with 7.4% in March 2021 and down 1.6% in April 2020.
This growth in WPI inflation has been the highest since 2012.
We had estimated WPI at 8.3% for the month.
The record WPI inflation during the month can be ascribed to rising fuel and power prices which have shot up to a 49 month high, persistent inflationary pressures in the manufacturing segment and a low base effect.
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