Food inflation, which accounts for nearly half of the overall consumer price basket, is expected to have moderated due to falling vegetable prices, offset in part by surging cereal prices.
WPI inflation spikes to over 8-year high of 7.39 per cent in March
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The Wholesale Price Index (WPI) inflation in March, which has been rising over the last few months, is way higher than 4.17% in February and the revised 2.51% in January. It stood at 0.42% in March 2020. The data for March is provisional and is likely to undergo change.
Fruit prices last month formed up by 16.33% while prices of pulses were higher by 13.14% last month. Vegetable prices, however, softened in March 2021 registering a dip of 5.19% compared to a growth of 10.64% in March 2020.
Increase in prices of crude oil, petroleum products and basic metal coupled with the low base effect pushed the wholesale inflation in India to over eight-year high of 7.39% in March, official data released on Thursday showed. WPI inflation had stood at 7.4% in October 2012.