India's wholesale inflation rose to 3.18 percent in April

The inflation based on India's wholesale price index (WPI) has increased in April 2018 and the rate is 3.18 percent. This rate was 2.47 percent in March 2018. According to the figures released by the Commerce Ministry of India, in April 2017, inflation was 3.85 percent.

As per the official data released today, inflation in food products was 0.87 percent in April 2018. In April, the deficiency in vegetables was 0.89 percent, compared to 2.70 percent in the previous month. According to the data, inflation for the fuel and power segment was 7.85 percent in April, which was 4.70 percent in March. Due to the rise in crude oil prices globally, the impact of the increase in domestic fuel prices remains in this period.

Inflation for fruits at 19.47 per cent in the tenth digit in April, which was 9.26 per cent in the previous month. Inflation based on wholesale price index for February month has been revised up to 2.74 per cent, while the provisional estimate for this was 2.48 per cent. It is notable that retail inflation figures are to be released today.