New Delhi, 17 May (Commoditiescontrol) The annual rate of inflation was 15.08% (Provisional) for the month of April, 2022 (Y-o-Y) as compared to 10.74% in April, 2021. The rate of inflation based on WPI Food Index increased marginally from 8.71% in March, 2022 to 8.88% in April, 2022. The high rate of inflation in April, 2022 was primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, food articles, non-food articles, food products and chemicals & chemical products etc. as compared to the corresponding month of the previous year.
Primary Articles (Weight 22.62%):-The index for this major group increased by 2.70% to 174.9 (provisional) in April, 2022 from 170.3 (provisional) for the month of March, 2022. Prices of Food Articles (3.61%), Non-food Articles (1.20%), Crude Petroleum & Natural Gas (0.59%) and Minerals (0.13%) increased in April, 2022 as compared to March, 2022.
Fuel & Power (Weight 13.15%):- The index for this major group increased by 2.79% to 151 (provisional) in April, 2022 from 146.9 (provisional) for the month of March, 2022. Prices of Mineral Oils (7.58%) increased in April, 2022 as compared to March, 2022. Prices of Electricity (-9.68%) declined in April, 2022 as compared to March, 2022.
Manufactured Products (Weight 64.23%):-The index for this major group increased by 1.69% to 144 (provisional) in April, 2022 from 141.6 (provisional) for the month of March, 2022. Out of the 22 NIC two-digit groups for manufactured products, 18 groups have witnessed increase in prices while 3 groups that have witnessed decrease in prices. The increase in prices is mainly contributed by basic metals, chemicals and chemical products, textiles, machinery and equipment, electrical equipment, and food products. Some of the groups that have witnessed decrease in prices are motor vehicles, trailers and semi-trailers, computer, electronic and optical products; leather and related products in April, 2022 as compared to March, 2022. While the Manufacture of beverages remain unchanged in April, 2022 as compared to March, 2022.
WPI Food Index (Weight 24.38%): The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have increased from 167.3 in March, 2022 to 172.9 in April, 2022. The rate of inflation based on WPI Food Index increased from 8.71% in March, 2022 to 8.88% in April, 2022.
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