WPI at 4-month high in April; inflation rises to 3.18 % from 2.47% in March

Food prices overall beat deflationary trend but pulses, vegetables, wheat and meat continue to see prices drop

Pressure on inflation, retail as well as wholesale, is mounting. While the widely-tracked consumer price index (CPI)-based inflation rate rose to a three-month high of 4.58 per cent, its wholesale price index (WPI) counterpart increased to a four-month high of 3.18 per cent in April.

This might justify the hawkish stance of the monetary policy committee (MPC). 

The CPI inflation rate had stood at 4.28 per cent, and the WPI rate at 2.47 per cent in March. 

The widely-tracked core CPI inflation (non-food, non-oil) rate rose to a 44-month high of 5.9 per cent against 5.4 per cent in this period. 

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