WPI inflation hit all time high of 10.49% last month

May 17, 2021 AlShorts Web Desk

The wholesale price-based inflation shot up to an all-time high of 10.49 percent in April, on rising prices of crude oil and manufactured items. Besides, a low base of April last year contributed to the spike. This is the highest rate of WPI inflation in the last 6-months. The monthly rate of inflation in April 2021 stood at 1.86 percent compared to the previous month.