Wholesale inflation inches up marginally to 0.53 pc in March

| | New Delhi
  • 0

Wholesale inflation inches up marginally to 0.53 pc in March

Monday, 15 April 2024 | PTI | New Delhi

Wholesale inflation inches up marginally to 0.53 pc in March

Wholesale inflation in the country rose marginally to 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 data showed that inflation in the crude petroleum segment rose by 10.26 per cent in March this year against a deflation of 23.53 per cent in March 2023 due to hardening of crude prices globally.

However, retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices.

The Consumer Price Index (CPI) based retail inflation was 5.09 per cent in February and 5.66 per cent in March 2023. Previously, CPI-based inflation was the lowest at 4.87 per cent in October 2023.

The inflation in the food basket was at 8.52 per cent in March, down from 8.66 per cent in February, according to the data released by the National Statistical Office (NSO) last week.

State Editions

Lovely resignation brings Congress factional feud into open

29 April 2024 | Saumya Shukla | Delhi

Congress alliance with AAP for political reasons: BJP

29 April 2024 | Saumya Shukla/Samar Pandey | Delhi

Vote to save democracy, Sunita exhorts Delhiites

29 April 2024 | Staff Reporter | Delhi

AAP youth wing organises walkathon Walk for Kejriwal

29 April 2024 | Staff Reporter | Delhi

Nomination process for LS seats to begin from today

29 April 2024 | Staff Reporter | Delhi

Sunday Edition

Chronicle of Bihar, beyond elections

28 April 2024 | Deepak Kumar Jha | Agenda

One Nation, One Election Federalism at risk or Unity Fortified?

28 April 2024 | PRIYOTOSH SHARMA and CHANDRIMA DUTTA | Agenda

Education a must for the Panchayati Raj System to flourish

28 April 2024 | Vikash Kumar | Agenda

‘Oops I Dropped The Lemon Trat’

28 April 2024 | Gyaneshwar Dayal | Agenda

Standing Alone, and How

28 April 2024 | Pawan Soni | Agenda