India’s wholesale inflation in the month of March jumped to 7.39%, 8-year high, as compared to 4.17% in the month of February, 2021.
As per data published by the government, the WPI-based inflation saw a sharp jump in the month of March due to higher fuel and power prices.
This is the third straight month of up-tick seen in the wholesale price index (WPI) based inflation. Such a high level of WPI was last recorded in October 2012, when it was 7.4%.
According to notication, March WPI fuel and power inflation rose to 10.25% vs 0.58% in the previous month. Primary articles inflation in March stood at 6.40% as compared to 1.82% in February 2021.
Food inflation stood at 5.28% versus 3.31% and manufactured products inflation was at 7.34% versus 5.81%, month-on-month, government data showed. Manufactured products, which has 64% weightage in the WPI index, saw 7.34% jump in prices.