India Tribune

Tuesday, May 21st

Last update:05:54:11 PM GMT

Headlines:
Serving the Asian Indian community in the US for over 35 years. ***** Established in 1977 ***** Published in three editions - Chicago, New York and Atlanta. ***** Reaches over sixty thousand people every week.
You are here: Home India Business Inflation rises to 7.23 % in April

Inflation rises to 7.23 % in April

E-mail Print PDF

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 on May 14, inflation for the overall food items category was 10.49 percent in April, as against 10.66 percent in March.

Inflation in the price of manufactured goods increased marginally to 5.12 percent in April, from 4.87 percent in March.