Salem Radio Network News Tuesday, July 5, 2022

Business

India’s April WPI inflation accelerates to 15.08% y/y

NEW DELHI (Reuters) – India’s annual wholesale price inflation accelerated to a 15.08%% in April from the previous month’s 14.55%, remaining in double-digits for the 13th month in a row, government data showed on Tuesday.

April’s figure was highest since at least April 2005 according to Refinitiv data, and higher than 14.48% forecast in a Reuters poll of analysts.

Fuel prices, a big component of the increase, were up 38.66% on the year versus 34.52% in March.

(Reporting by Manoj Kumar and Aftab Ahmed; Editing by Tom Hogue)

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