New Delhi: Inflation moved up to 7.23 percent in April on account of spurt in prices of vegetables, meat, milk and pulses, although onion and fruits showed a declining trend.
Inflation, as measured by the Wholesale Price Index (WPI), was 6.89 percent in March. In April last year, it was 9.74 percent.
Vegetables turned costlier by 60.97 percent during April. In March, the rate of price rise in vegetables was 30.57 percent. Pulses were expensive 11.29 percent.
Milk became costlier by 15.51 percent, while rice and cereals turned costlier by 5.68 percent and 5.8 percent respectively. Prices of potato too rose by 53.44 percent.
Besides, eggs, meat and fish prices rose 17.54 percent during the month, slightly lower from 17.71 percent in March. However, as per the official data released today, inflation for the overall food items category was 10.49 percent in April, as against 10.66 percent in March.
Onion prices declined (-)12.11 percent in April. The rate of decline was (-)24.23 percent in March. Food articles have 14.3 percent share in the WPI basket.
Inflation in the price of manufactured goods increased marginally to 5.12 percent in April, from 4.87 percent in March.
The headline inflation number for February was revised upwards to 7.39 percent, from the provisional estimate of 6.95 percent.


Latest News from Business News Desk