Wholesale Prices in India highest in 11 years

Wholesale prices in India jumped 10.49 percent year-on-year in April of 2021, the highest rate since May of 2010 and well above market forecasts of 9.05 percent.

It compares with a 1.57 percent fall in April last year when the coronavirus pandemic weighed on demand and prices. Biggest increase came from cost of fuel and power (20.94 percent vs 10.25 percent in March), followed by primary articles (10.16 percent vs 6.4 percent), namely food (4.92 percent vs 3.24 percent), of which fruits (27.43 percent); and manufactured products (9.01 percent vs 7.34 percent), namely vegetables and animal oils and fat (43.28 percent).

Source: Trading Economics