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India’s April WPI falls to 3.85%, base year changed

Posted By: Doraiah Vundavally May 12, 2017

India's April WPI falls to 3.85%, base year changedNew Delhi, May 12 (IANS) India's annual rate of inflation based on wholesale prices decelerated last month to 3.85 per cent from 5.29 per cent reported for March, as prices of food, fuel and manufactured products eased, official data showed on Friday.

According to data furnished by the Ministry of Commerce and Industry, the base year of the current wholesale price index (WPI) has been revised from 2004-05 to 2011-12.

The annual rate of inflation based on WPI in April last year had declined to (-)1.09 per cent.

 

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India's April WPI falls to 3.85%, base year changed

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.