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Wholesale inflation hits 13-month high, food prices surge
Updated On: 15 May, 2024 07:30 AM IST | New Delhi | Agencies
Rising food costs drive WPI inflation, fuelling expectations of RBI’s unchanged interest rates; analysts foresee further uptrend
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The wholesale inflation rose to a 13-month high of 1.26 per cent in April fuelled by rising prices of food articles, especially vegetables, amid expectations of RBI holding interest rates in the policy review next month.
The wholesale price index (WPI) based inflation has been rising for two months in a row. It was 0.20 per cent in February and 0.53 per cent in March. WPI inflation was 0.79 per cent in April last year. The April WPI print is at a 13-month high. The last high was seen in March 2023, when inflation was 1.41 per cent.
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