NEW DELHI, INDIA - MARCH 26: Indian shopkeepers and customers are seen in a crowded Mandi (market place), as nationwide lockdown continues over the highly contagious novel coronavirus on March 26, 2020 in New Delhi, India. India is under a 21-day lockdown to fight the spread of COVID-19 infections and while the security personnel on the roads are enforcing the restrictions, the workers of country's unorganized sector are bearing the brunt of the curfew-like situation. According to the international labour organisations India's 90% workforce is employed in the informal sector and most do not have access to pensions, sick leave, paid leave or any kind of insurance. Reports on Thursday said that Prime Minister Narendra Modi's government is preparing a massive bailout to reach to the underprivileged sections of the country and will hand over the dole through direct cash transfers. (Photo by Yawar Nazir/Getty Images)
NEW DELHI:
India’s wholesale-price base inflation (WPI) for the first time in almost three years turned negative in April, as overall prices eased. The WPI inflation fell -0.92 per cent in April, as compared to a rise of 1.34 per cent in March, the Ministry of Commerce & Industry stated in a release on Monday. The WPI inflation has fallen into negative for the first time since July 2020.
The food index climbed 0.17 per cent year-on-year (YoY), against 2.32 per cent in March, meanwhile, fuel and power index jumped 0.93 per cent from 8.96 per cent last month.
The country’s WPI inflation has been easing continuously for the last 11 months after it jumped to a 20-year high of 16.63 per cent in May last year.
The decline in the rate of inflation in April was primarily contributed by the fall in prices of basic metals, food products, mineral oils, textiles, non-food articles, chemical & chemical products, rubber & plastic products and paper & paper products, the Commerce Ministry said.
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