Wholesale inflation increases to 3-month high of 0.53% in March

PTI

New Delhi, April 15

Wholesale inflation in the country rose marginally to three-month high of 0.53 per cent in March compared to 0.20 per cent in the preceding month due to increase in prices of vegetables, potato, onion and crude oil. The Wholesale Price Index (WPI)-based inflation was in the negative zone from April to October and had turned positive in November at 0.26 per cent. The inflation in March 2023 was 1.41 per cent.

“The annual rate of inflation based on all-India Wholesale Price Index (WPI) number is 0.53 per cent (provisional) for the month of March, 2024 (over March, 2023),” the commerce and industry ministry said in a statement on Monday.

Food inflation moved up marginally to 6.88 per cent in March from 5.42 per cent in the same month a year ago, data showed. Inflation in vegetables was 19.52 per cent, up from (- 2.39) per cent in the same month a year ago.

WPI for potato witnessed a jump of 52.96 per cent against a deflation of 25.59 per cent, while for onion 56.99 per cent as compared to (-) 36.83 per cent in March 2023. The food inflation also shot up to a three-month high of 4.6 per cent in March 2024.

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