New Delhi: The annual rate of inflation has been provisionally pegged at 15.08 per cent for the month of April-2022 year on year (Y-o-Y) as compared to 10.74 per cent in April-2021. The rate of inflation based on WPI Food Index increased marginally from 8.71 per cent in March-2022 to 8.88 per cent in April-2022.

The high rate of inflation in April 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 and chemical products, etc., as compared to the corresponding month of the previous year, said the Ministry of Commerce and Industry in a statement.

The provisional figures of Wholesale Price Index (WPI) are released on 14th of every month or next working day with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter. /BI/