Wholesale Inflation Inches Up to 0.53% in March

  • 16 Apr 2024

On 15th April 2024, Wholesale Price Index (WPI) inflation climbs to 0.53% in March, up from 0.20% in the previous month.

  • Impact on Food Prices: Food inflation increases marginally to 6.88% in March, with vegetables seeing a significant rise.
  • Vegetables and Potato Prices Surge: Inflation in vegetables and potato reaches 19.52% and 52.96% respectively, contributing to overall WPI inflation.
  • Rise in Onion Prices: Onion prices soar by 56.99% compared to the previous year, driving up overall inflation.
  • Crude Oil Segment: Inflation in crude petroleum segment rises by 10.26% due to global crude price hikes.
  • Retail Inflation Decline: Retail inflation drops to a five-month low of 4.85% in March, attributed to lower food prices.
  • Food Basket Inflation: Inflation in the food basket decreases slightly to 8.52% in March, providing relief amidst overall inflationary pressures.