WPI inflation positive for 1st time in 18 months
The Wholesale Price Index (WPI)-based inflation for the month of April expanded to 0.34% year-on-year from (-)0.85% in March, turning positive for the first time in 18 months, according to data released by the government. Further, the food price inflation rose to 4.23% from 3.73% in March while the manufacturing inflation rose to 0.71% from (-)0.13%.