WPI of April 2021 – Wholesale Price Index

19 May 2021 Current Affairs:The Department for Promotion of Industry and Internal Trade lately released Wholesale Price in India for the month of April 2021. The WPI for the month of April 2021 stood at 128.1. The base year in calculating WPI is constant as 2011-12.

Highlights:
♦ The annual fee of inflation for the month of April 2021 was once 10.49%
♦ The inflation fee is excessive in the month commonly because of charge rise in crude petroleum which in turn extended the fees of petrol and diesel in the country. Also, the price rise is due to expand in cost of manufactured foods.
♦ There are three principal agencies of commodities that are used in calculating the fee of inflation. They are primary articles, manufactured products and gas and power.
Primary Articles:
♦ The weight of major articles in WPI is 22.62%.
♦ The index of this crew increased via 3.83%.
♦ The costs of minerals elevated by means of 6.6%
♦ The prices of Crude Petroleum and Natural Gas elevated through 4.8%
♦ The expenses of meals articles elevated through 3.84%
♦ The price of non-food articles extended by 2.65%
♦ The above will increase are in evaluation with the month of March.
Fuel and Power:
♦ The weight of gasoline and electricity is 13.15%
♦ The index of this group lowered through 1%
♦ The expenses of coals reduced by way of 0.32%
♦ The prices of Mineral oil diminished through 0.29%
♦ The fees of electrical energy diminished via 4.96%
Manufactured products: 
♦ The weight of manufactured items is 64.23%
♦ The index of this crew extended through 1.65%.
♦ The expand in this class used to be in most cases contributed with the aid of food products, fundamental metals, chemicals, textiles, plastic and rubber products.
♦ WPI Food Index: The WPI Food index consists of meals merchandise from manufactured products team and meals articles from major articles group. The WPI Food Index elevated from 153.4 in March 2021 to 158.9 in April 2021. The expand rate in April is 7.58% and that of March is 5.28%
 

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