New Delhi : After the tension between India Pakistan, the country’s performance on many fronts is getting excellent. Some time ago there was news that retail inflation has come to the lowest level of the last 6 years. After retail, now the figures of wholesale inflation have also come out.
Due to decrease in prices of food items, manufacturing products and fuel rates, wholesale price -based inflation i.e. WPI has come down to 0.85 percent in the month of April. This information has been received based on the data released by the government on Wednesday. The wholesale price index i.e. WPI based inflation was 2.05 percent in March and 1.19 percent in the month of April 2024
The Ministry of Industry said in the statement that mainly the prices of food products, manufacturing, chemicals and chemical products, manufacturing and machinery and manufacturing of equipment have been the main reason for this.
According to the bulk price index i.e. WPI data, the inflation of food prices was 0.86 percent in April, which was 1.57 percent in the month of March 2024. The inflation rate of vegetables in April was 18.26 percent as against 15.88 percent in March. Inflation in onion declined to 0.20 percent in April, compared to 26.65 percent in March. However, inflation in manufacturing products in April stood at 2.62 percent, compared to 3.07 percent in March.
Inflation rate in fuel and electricity was 2.18 percent in April, 0.20 percent in March. The Reserve Bank of India i.e. RBI takes care of retail inflation mainly when preparing monetary policy. Due to softening of vegetables, fruits and pulses, the retail inflation rate came down to about 6 years in April to 3.16 percent. This has created a sufficient scope for another deduction in the Repo rate in MPC for the Reserve Bank of India.
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According to the official data released on Tuesday, inflation based on the Consumer Price Index i.e. CPI in April was 3.16 percent, the lowest level after July 2019. This rate was 3.15 percent in July 2019. In March 2025, the retail inflation was 3.34 percent and 4.83 percent in April 2024. The RBI had reduced the major policy rate repo to 6 percent at the last meeting of its monetary policy.
(With agency input)
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