WPI inflation eases to 29-month low of 1.34% in March

WPI inflation eases to 29-month low of 1.34% in March

• India's annual Wholesale Price Index (WPI)-based inflation declined to a 29-month low of 1.34 per cent in March 2023 as input prices continued to moderate, government data showed. This is the 10th straight month of decline in WPI-based inflation.
• The WPI inflation data was 3.85 per cent in February, 4.73 per cent in January 2023, and 14.63 per cent in March 2022.
• The food index inflation eased to 2.32 per cent in March from 2.76 per cent in February.
• The WPI measures the price of a representative basket of wholesale goods in India. The index is divided into three groups namely primary articles (22.6 per cent of total weight), fuel and power (13.2 per cent) and manufactured products (64.2 per cent).
• The decline in the rate of wholesale inflation in March is primarily contributed by fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber & plastic products, crude petroleum & natural gas and paper and paper products.

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Published date : 20 Apr 2023 05:10PM