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BusinessWholesale inflation edges slightly higher to 0.53% in March

Wholesale inflation edges slightly higher to 0.53% in March


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.

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- 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.

The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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