India’s WPI inflation rises to over 8-year high of 7.39% in March
16/04/2021
NEW DELHI, apr 15: The wholesale inflation across the country rose over an 8-year high of 7.39 per cent in March, data released by the Ministry of Commerce & Industry showed.
The wholesale price index (WPI) grew 4.17 per cent during the month of February, while the WPI for January was revised to 2.51 per cent from 2.03 per cent, the data showed. The WPI in March 2020 was at 0.42 per cent.
“The prices of crude oil, petroleum products and basic metal substantially increased in March 2021 as compared to the corresponding month of last year. Also, due to nationwide lockdown, the WPI index for the month of March 2020 (120.4) was computed with relatively low response rate,” the ministry statement said.
Such a high level of WPI was last recorded in October 2012, when inflation was 7.4 per cent, PTI said in a report.
The food articles segment witnessed a 3.24 per cent rise in March. In the month prior to that, this was 1.36 per cent.
Vegetable prices contracted (-) 5.19 per cent in March, against (-) 2.90 per cent in February, the data showed.
Pulses prices grew 13.14 per cent last month, while that of fruits rose 16.33 per cent.
The fuel and power segment rose a sharp 10.25 per cent in March with LPG prices jumping by 10.30 per cent and petrol gaining by 18.48 per cent.
According to separate data released by the government on Monday, the retail inflation or consumer price index (CPI) rose 5.52 per cent in March.
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