Inflation based on wholesale prices shot up to 3.18 per cent in April on increasing prices of petrol and diesel as well as fruits and vegetables.
The Wholesale Price Index (WPI) based inflation stood at 2.47 per cent in March and 3.85 per cent in April last year.Deflation in vegetables was 0.89 per cent in April, while in the previous month it was 2.70 per cent.
Inflation in ‘fuel and power’ basket rose sharply to 7.85 per cent in April from 4.70 per cent in March as prices of domestic fuel increased in line with rising global crude oil rates.
Inflation in fruits was in double digits at 19.47 per cent in April, up from 9.26 per cent in the previous month. The WPI inflation for February was revised upwards to 2.74 per cent from the provisional estimate of 2.48 per cent. Read More