WPI inflation spikes to 3.18 pc in March on costlier food, fuel

| | New Delhi
  • 0

WPI inflation spikes to 3.18 pc in March on costlier food, fuel

Monday, 15 April 2019 | PTI | New Delhi

WPI inflation spikes to 3.18 pc in March on costlier food, fuel

Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel, government data released Monday showed.

The Wholesale Price Index (WPI) based inflation was at 2.93 per cent in February. It was 2.74 per cent in March 2018.

Inflation in food articles hardened with steep rise in prices of vegetables during March 2019.

Vegetables inflation was at 28.13 per cent in March, up from 6.82 per cent in the previous month. However, inflation in potato cooled substantially to 1.30 per cent, from 23.40 per cent in February.

Inflation in food articles basket was 5.68 per cent during March.

Inflation in 'Fuel and power' category also spiked to 5.41 per cent, from 2.23 per cent in February.

The Reserve Bank, which mainly factors in retail inflation for monetary policy decision, had earlier this month cut interest rates by 0.25 per cent.

Retail inflation accelerated to 2.86 per cent in March from 2.57 per cent a month ago, data released last week showed.

For April-September period, the RBI has projected retail inflation at 2.9-3 per cent, mainly due to lower food and fuel prices as well as expectation of a normal monsoon.

State Editions

JFM can Help Combat Climate Change in Himalayas

22 April 2019 | JASKIRAN CHOPRA | Dehradun

Book lovers discuss James’ The Mister

22 April 2019 | PNS | Dehradun

Scourge of the Sacred

22 April 2019 | lokesh Ohri | Dehradun

Filing of nominations for Himachal polls begins

22 April 2019 | PNS | Chandigarh

Sunday Edition

Valmiki community fields candidates on all LS seats

21 April 2019 | Staff Reporter | Sunday Pioneer

CM thwarted PMAY in city: Gupta

21 April 2019 | Staff Reporter | Sunday Pioneer

Shiela inaugurates control room for poll campaign

21 April 2019 | Staff Reporter | Sunday Pioneer

Cong pursues vote bhakti, we have desh bhakti: Modi

21 April 2019 | PTI | Sunday Pioneer

Ditch smartphones & read history, Gehlot asks youth

21 April 2019 | PTI | Sunday Pioneer

Shatrughan taunts BJP over poll losses in 3 States last yr

21 April 2019 | PTI | Sunday Pioneer