Wholesale Inflation At 13-Mth Low Of 0.85%

New Delhi: India’s annual rate of inflation based on the Wholesale Price Index (WPI) slowed to a 13-month low of 0.85 per cent in April, down from 2.05 per cent in March and 2.38 per cent in February, according to data released by the Ministry of Commerce and Industry on Wednesday.

The month-over-month change in WPI for April was in the negative zone at (-) 0.19 per cent as compared to the previous month of March, reflecting the declining trend in inflation.

There was a decline in prices of food as well as a double digit decline in fuel prices, compared to the previous month, which resulted in the overall month-on-month inflation rate turning negative.

Meanwhile, the country’s retail inflation has also come down from 3.16 per cent in April from 3.34 per cent in March to its lowest level since July, 2019 as food prices eased further bringing respite to household budgets, according to figures released by the Ministry of Statistics on Tuesday.