WPI inflation hits 15.08% in Apr, in double-digits for 13th straight month

Wholesale price inflation rate is now in double digits for 13 consecutive months.

India’s wholesale price index (WPI)-based inflation rate rose to the highest level in the current 2011-12 series at 15.08 per cent in April on the back of hardening commodity and vegetable prices. With this, the WPI-based inflation has been in double-digits for 13 consecutive months.
 

What makes this particularly worrisome is the fact that the increase was reported despite a high base of 10.74 per cent inflation rate last year.
 

Data released by the industry department on Tuesday showed vegetable inflation picked up in April to 23.24 per cent, leading to a food inflation of 8.35 per cent, even as