There are many states in the country where the national average inflation rate is more than 7.79 percent. In these states like Uttar Pradesh, Haryana, Jharkhand, Maharashtra and Madhya Pradesh, inflation is more than this average. Inflation is 8.46 in UP, 8.95 in Haryana, 7.80 in Jharkhand, 9.10 in Madhya Pradesh, 8.78 percent in Maharashtra. At the same time, the inflation rate is only 6.58 percent in Delhi, 7.56 percent in Bihar and 6.77 percent in Uttarakhand.
Let us tell you that in April, the retail inflation rate has reached close to eight percent, which is almost double from the same month last year. In April last year, retail inflation stood at 4.23 per cent.
Difference between retail and wholesale inflation
Wholesale inflation measures the increase in prices at the wholesaler’s point and takes into account only the increase in the prices of goods, whereas retail inflation measures the price increase at the retailer’s point and includes the increase in the prices of goods and services. change is included. Manufactured goods have the highest weightage of 64.23 per cent in wholesale inflation. Whereas the highest weightage of 45.86 per cent in retail inflation has been given to food and beverages.
Inflation flared up due to expensive fuel, all-round effect on your pocket
That is, when food items are inflationary, they are reflected in retail inflation. On the other hand, when the price of manufactured goods rises, its effect is visible on wholesale inflation. Because of this, it becomes difficult to estimate retail inflation from wholesale inflation as the scale of the two figures is different.
Inflation of these things increased rapidly (in percentage)