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WPI inflation slips to 3.07 pc in April, food prices still high

Press Trust of India  |  New Delhi 

Wholesale price-based slipped to 3.07 per cent in April on cheaper fuel and manufactured items, even as prices of remained high, according to an official data released Tuesday.

The (WPI)-based was at 3.18 per cent in March. It was 3.62 per cent in April 2018.

in hardened with steep rise in prices of vegetables during April.

Vegetables inflation was at 40.65 per cent in April, up from 28.13 per cent in the previous month.

Inflation in basket was 7.37 per cent, up from 5.68 per cent in the previous month.

Inflation in 'fuel and power' category cooled to 3.84 per cent, from 5.41 per cent in March. Manufactured items too saw easing of prices with inflation at 1.72 per cent in April, against 2.16 per cent in March.

The Reserve Bank, which mainly factors in for monetary policy decision, had last month cut interest rate by 0.25 percentage points.

inched up to a six-month high of 2.92 per cent in April due to a spike in food prices, including vegetables, meat, fish and eggs, data released on Monday showed.

For April-September period, the RBI has projected at 2.9-3 per cent, mainly due to and fuel prices as well as expectation of a normal monsoon.

The headed by the would be meeting early June for second monetary policy review for the fiscal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 14 2019. 12:21 IST
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