WPI inflation remains benign: Industry
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New Delhi: The Wholesale Price Index (WPI), which edged up to 1.26 per cent in April, remains benign and inflation in the food articles is expected to rationalise by September-October, industry bodies said on Tuesday. According to industry watchers, a timely onset and well distribution of monsoon would be crucial to help control food inflation in the coming months.
According to the Commerce and Industry Ministry, prices of non-food articles (-1.19 per cent) and minerals (-1.55 per cent) declined in April.
Sanjeev Agrawal, president, PHD Chamber of Commerce and Industry, said that supported by negative inflation in the non-food articles and manufactured products, the WPI inflation remains benign.
“Despite the global headwinds, the WPI inflation trajectory in fuel and power also remains low at 1.38 per cent in April 2024,” Agrawal informed.
