WPI inflation dips to 3.07% in April on cheaper fuel

Wholesale inflation eased to 3.07% in April on cheaper fuel and manufactured items, even as prices of food articles remained high, official data released on Tuesday showed. The Wholesale Price Index-based inflation was at 3.18% in March and 2.93% in February. It was 3.62% in April 2018. Inflation in the food articles basket hardened to 7.37% during April 2019 as against 5.68% in March, as prices of vegetables skyrocketed. Food inflation has been on the rise for the last five months since December 2018 when it was (-) 0.42%. Vegetables inflation too has seen a steep rise since December 2018 when it was (-)19.29%. It stood at 40.65% in April, up from 28.13% in the previous month. Amongst food items, inflation in potato cooled to (-)17.15%.