India's wholesale prices increased for the first time in one-and-a-half years in April, largely driven by expensive food items, preliminary figures from the Ministry of Commerce and Industry showed Monday.
The wholesale price index rose 0.34 percent year-over-year in April, reversing a 0.85 percent decrease in the previous month.
The build up inflation rate in the financial year so far was 1.37 percent compared to a build up rate of 0.17 percent in the corresponding period of the previous year.
The wholesale price inflation for food articles accelerated to 4.23 percent in April from 3.73 percent in March.
Similarly, prices of primary articles grew at a faster pace of 2.34 percent annually in April, following a 2.13 percent climb in the prior month.
On a monthly basis, wholesale prices went up 1.4 percent in April.
Official data released last week showed that consumer price inflation quickened to 5.39 percent in April from 4.83 percent a month ago.
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