Wholesale inflation rises to 4-month high in April

Wholesale inflation rises to 4-month high in April

India's annual retail inflation accelerated in April to 4.58 percent, after easing for three straight months, government data showed on Monday, mainly driven by faster increases in fuel prices.

Core inflation-comprising non-food and non-fuel components-hit 34-month high to 6 percent in April.

Primary articles, which accounts for more than a fifth of the entire wholesale price index, grew 1.41 percent in April from 1.03 percent year a percent ago and 0.24 percent in March.

The inflation, which is based on CPI, was 2.99 percent previous year in April.

"Break down of the WPI data for April, 2018 shows annualised inflation of close to 10 per cent for petrol and over 13 per cent for high speed diesel". This may result in RBI maintaining status quo on policy rates in its June 2018 monetary policy review.

Fortnite gets new burst assault rifles in tomorrow's patch
Considering that Tilted Towers is already a hot landing spot, there will be many more players landing there next week. Collecting the star is worth 10 Battle Stars for the Battle Pass, but its location is still unknown.

On Saturday, the government issued a press release that the base year for calculating the wholesale price index had been changed from 2004-'05 to 2011-'12.

The central bank revised downward forecast for retail inflation to 4.7-5.1 per cent for April-September and 4.4 per cent for October-March. In March, deflationary pressures on food articles meant that pulses and vegetables turned cheaper while falling prices of at least some commodities such as tomatoes, reflected farmers' woes. It said, Inflation in fruits was in double digits at 19.47 per cent in April, up from 9.26 per cent in the previous month.

Other notable sub-categories such as cereals became dearer by 2.56 per cent and meat and fish recorded a rise of 3.59 per cent. The inflation rate for meat and fish inched up to 3.59 per cent as against 3.17 per cent in March, while inflation for vegetables segment was lower at 7.29 per cent in April compared to 11.7 per cent.

According to Shubhada M Rao, chief economist at Yes Bank Ltd.in Mumbai, core inflation was at 5.9 percent - a 44-month high.

"While an unfavourable base effect caused the year-on-year inflation for crude petroleum to surge... the impact of rising global prices seems to be incomplete", Ms.Nayar said.

Related Articles

  • Trump promises sweeping drug price cuts, targets lobbyists, cheap overseas prices

    Trump promises sweeping drug price cuts, targets lobbyists, cheap overseas prices

    The act could save the federal government $3.8 billion, Leahy contends, and he said the bill has bipartisan support. And older drugs for common ailments like diabetes and asthma routinely see price hikes around 10 percent annually.
    Nanny who stabbed two children to death will be sentenced

    Nanny who stabbed two children to death will be sentenced

    Ortega said she wasn't feeling well but wasn't able to go to the doctor. "This defendant to this day has shown no remorse". Krim frantically tried to reach Ortega, who had worked for the family for about two years.
    Election officials encouraging people to get out and vote

    Election officials encouraging people to get out and vote

    Tom Wolf rejected a proposal drawn by Republican legislative leaders as unfairly skewed in their party's favor. The 18th district includes Pittsburgh, the Mon Valley, and other areas south and east of Pittsburgh.
  • Kylie Jenner's Ex-Guard Opens Up On Baby Rumours

    Kylie Jenner's Ex-Guard Opens Up On Baby Rumours

    But she did take the time to put up all those snaps and only after people questioned "Where's Khloe " was it deleted. The ladies were not pleased with how Caitlyn portrayed them, particularly Kris, in her 2017 book.
    Tiger Woods: Surges on weekend into T11

    Tiger Woods: Surges on weekend into T11

    A poor approach to the par-4 10th led to a bogey, and while Simpson's lead was still strong, it was down from seven shots to four. However, he bogeyed the 14th and double-bogeyed the 17th after hitting his tee shot into the water for the first time since 2006.
    New fissure in Hawaii, lava flows toward ocean

    New fissure in Hawaii, lava flows toward ocean

    Hawaii County Civil Defense issued an emergency cellphone alert after the fissure was discovered early Sunday morning. The new eruption was reported Monday in the Lanipuna Gardens subdivision, an area that has already been evacuated.
  • Redskins' DeAngelo Hall Retires

    Redskins' DeAngelo Hall Retires

    Former Virginia Tech defensive back DeAngelo Hall is officially retiring from the NFL . He played his first four seasons for the Falcons , intercepting 17 passes.
    YouTube TV app gets new voice remote feature

    YouTube TV app gets new voice remote feature

    The feature is available only to those who are premium users and pay Dollars 40 per month for a YouTube TV streaming subscription. Since it is a server side update, the users will be informed when the voice remote will be available on their Android device.
    Huge explosion heard in Afghan capital Kabul

    Huge explosion heard in Afghan capital Kabul

    He said security forces killed six of the attackers after two of them carried out suicide attacks near the building's entrance. Earlier in May, Taliban fighters attacked Afghan bases in the province, killing more than 40 police officers and servicemen.
  • In Catalonia elected successor Pokdemon

    In Catalonia elected successor Pokdemon

    Torra also outlined a series of measures aimed at "building the republic", such as drafting a Catalan constitution. As expected, the four lawmakers of a far-left party, the Popular Unity Candidacy, abstained from the voting .
    Jets Vs. Golden Knights Live Stream

    Jets Vs. Golden Knights Live Stream

    They were also trying to win two in a row at their home rink for the first time since the opening round. This is the conference finals. "They put on a clinic in drafting and developing", McCrimmon said.
    Govt begins action against Allahabad Bank chief, 2 PNB directors for removal

    Govt begins action against Allahabad Bank chief, 2 PNB directors for removal

    Venkatachalam does not agree with the view that RBI was misled by PNB officials on the possible misuse of LoU. On February 27, soon after Rs 13,700-crore fraud came to light, Ananthasubramanian was grilled by the CBI.