India's WPI inflation rises to 1.26% in April 2024

14 May '24

2 min read

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.26 per cent (provisional) for the month of April 2024 (over April 2023), registering an increase over 0.53 per cent registered in the previous month, according to the ministry of commerce and industry.

The month-over-month change in WPI index for the month of April 2024 stood at 0.79 per cent as compared to March 2024.

“Positive rate of inflation in April 2024 is primarily due to increase in prices of food articles, electricity, crude petroleum and natural gas, manufacture of food products, other manufacturing etc,” 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 2024 increased to 153.0 from previous month’s 151.8.

The index for manufactured products (weight 64.23 per cent) for April 2024 rose to 140.8 from 140.1 in March 2024. The index for ‘Manufacture of Textiles’ sub-group increased slightly to 135.5 in April from 134.5 in March, while the index for ‘Manufacture of Wearing Apparel’ increased to 153.0 from 151.3 in March.

The index for primary articles (weight 22.62 per cent) increased to 186.7 in April 2024 from 183.1 in March 2024, while that for fuel and power (weight 13.15 per cent) decreased to 154.8 from 155.2 in March 2024.

Fibre2Fashion News Desk (KD)

More Ministry of Commerce & Industry News... More Textiles News - India...