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India's Wholesale Price Inflation Quickens to 8.3% in April

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India's wholesale price inflation, measured by the Wholesale Price Index (WPI), jumped to 8.3% in April from 3.88% in March, according to data released by the Ministry of Commerce and Industry on Thursday.

In the same month last year, wholesale inflation was lower at 0.85%.

The rise in WPI was attributed to higher prices of mineral oils, crude petroleum and natural gas, other manufacturing and non-food articles, and basic metals.

The index for primary articles increased by 9.17% to 202.4 in April from 197.3 in the previous month, while fuel and power inflation soared by 24.71% to 181.7 in the reported month from 153.7 in March.

Manufactured products were up by 4.62% to 151.6 in April from 149.5 a month ago.

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