India’s wholesale prices turned positive after 17 consecutive months of shrinking, with the Wholesale Price Index (WPI)-based inflation rising 0.34 per cent in April as compared to -0.85 per cent in the previous month of March on rise in vegetables and pulses prices.
In February, the index was down 0.91%, while in March 2015 it had fallen 2.33%. The WPI figure for January has been revised to -1.07% from -0.90%.
Food inflation stood at 4.23 per cent in April compared with 3.73 per cent in March. Inflation in vegetables came in at 2.21 per cent compared with (-)2.26 per cent in April while the same in pulses was high at 36.36 per cent as against 34.45 per cent.
However, onion and fruits saw further easing of prices, with these sub-indices falling (-)18.18 per cent and (-)2.38 per cent, respectively.
Prices of manufactured goods increased 0.71 percent year on year in April.
Fuel prices dropped 4.83 per cent from a year earlier in April, slower than a provisional 8.30 per cent fall a month ago.
As per the data released by the commerce and industry ministry, inflation in primary articles rose by 2.1 per cent (MoM).
Last week a government data showed a rise in retail inflation for the month of April at 5.39 per cent versus 4.83 per cent in the previous month.