India’s WPI Inflation Scales Up To 10.5% In April: CARE Ratings

A compressed natural gas pressure gauge is seen on a fuel bowser an Indraprastha Gas Ltd. gas station in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

India’s WPI Inflation Scales Up To 10.5% In April: CARE Ratings

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

CARE Ratings Wholesale Inflation April_2021.pdf

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