Wholesale inflation in India based on the Wholesale Price Index turned negative in April at minus 0.92 per cent, official data released by the Ministry of Commerce and Industry showed.
This has happened for the first time since July 2020. Wholesale inflation has been easing and in March it was at 1.34 per cent against 3.85 per cent in February.
Overall wholesale inflation was at 8.39 in October and has been falling since then. Notably, the wholesale price index (WPI)-based inflation had been in double digits for 18 months in a row till September.
In April, the decrease in inflation is mainly attributed to the decline in food articles, cereals, wheat, vegetables, potato, fruits, eggs meat and fish, minerals, crude petroleum and natural gas, and steel, among others.(ANI)
