India's WPI inflation surges to record high of 15.08% in April

“The high rate of inflation in April 2022 was primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, food articles, non-food articles, food products and chemicals & chemical products, etc as compared to the corresponding month of the previous year,” the Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry of commerce and industry, said.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of April 2022 increased to 151.9 from previous month’s 148.8.

The index for manufactured products (weight 64.23 per cent) for April 2022 increased to 144.0 from 141.6 for the month of March 2022. The index for ‘Manufacture of Textiles’ sub-group increased to 145.40 from previous month’s 143.50, while the index for ‘Manufacture of Wearing Apparel’ rose slightly to 145.90 from previous month’s 145.20.

The index for primary articles (weight 22.62 per cent) also rose to 174.90 in April 2022 from previous month’s 170.30. On the other hand, the index for fuel and power (weight 13.15 per cent) increased to 151.0 from 146.9 in March 2022.

Meanwhile, the all-India inflation rate for consumer price index (CPI) on base 2012=100 stood at 7.79 (provisional) in April 2022 compared to 6.95 (final) in March 2022 and 4.23 in April 2021, according to the National Statistics Office, under the ministry of statistics and programme implementation.

Fibre2Fashion News Desk (RKS)