The Centre said, the high rate of inflation in April, 2022 was primarily due to rise in prices of mineral oils, basic metals, crude petroleum and natural gas, food articles, non-food articles, food products and chemicals & chemical products etc.
New Delhi: In a data released by the Union Ministry of Commerce and Industry on Tuesday, the Centre said the annual rate of inflation was 15.08% (provisional) for the month of April, 2022, an increase from 14.55% in March and 13.43% in February. The statement also said that a year ago the figure stood at 10.74%.
The statement added, “The rate of inflation based on WPI Food Index increased marginally from 8.71% in March, 2022 to 8.88% in April, 2022. The high rate of inflation in April, 2022 was primarily due to rise in prices of mineral oils, basic metals, crude petroleum and natural gas, food articles, non-food articles, food products and chemicals & chemical products etc. as compared to the corresponding month of the previous year.”
Under the month-on-month change in primary articles section, the ministry said, “The index for this major group increased by 2.70% to 174.9 (provisional) in April, 2022 from 170.3 (provisional) for the month of March, 2022. Prices of Food Articles (3.61%), Non-food Articles (1.20%), Crude Petroleum & Natural Gas (0.59%) and Minerals (0.13%) increased in April, 2022 as compared to March, 2022.”
Under the fuel and power section, the statement said, “The index for this major group increased by 2.79% to 151 (provisional) in April, 2022 from 146.9 (provisional) for the month of March, 2022. Prices of Mineral Oils (7.58%) increased in April, 2022 as compared to March, 2022. Prices of Electricity (-9.68%) declined in April, 2022 as compared to March, 2022.)”
Under the manufactured products section, the ministry said, “The index for this major group increased by 1.69% to 144 (provisional) in April, 2022 from 141.6 (provisional) for the month of March, 2022. Out of the 22 NIC two-digit groups for manufactured products, 18 groups have witnessed increase in prices while 3 groups that have witnessed decrease in prices. The increase in prices is mainly contributed by basic metals, chemicals and chemical products, textiles, machinery and equipment, electrical equipment, and food products. Some of the groups that have witnessed decrease in prices are motor vehicles, trailers and semi-trailers, computer, electronic and optical products; leather and related products in April, 2022 as compared to March, 2022. While the Manufacture of beverages remain unchanged in April, 2022 as compared to March, 2022.”
