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

-PTI

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

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

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

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

Vegetables inflation was at 28.13% in March, up from 6.82% 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% during March.

Inflation in ‘Fuel and power’ category also spiked to 5.41%, from 2.23% in February.

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The Telegraph, 15 April, 2019, https://www.thehindu.com/business/Economy/wpi-inflation-spikes-to-318-in-march-on-costlier-food-fuel/article26841767.ece?homepage=true

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