Financial Wire

India's Wholesale Price Inflation Accelerates to 3.88% in March

-- India's wholesale price inflation, measured by the Wholesale Price Index (WPI), rose to 3.88% in March from 2.13% in February, according to data released by the Ministry of Commerce and Industry on Wednesday.

In the same month last year, wholesale inflation was lower at 2.25%.

The rise in WPI was attributed to an increase in prices of crude petroleum and natural gas, other manufacturing, non-food articles, the manufacture of basic metals, and food articles, among others.

The index for primary articles increased by 6.36% year-on-year to 197.3 in March from 192.9 in the previous month, while fuel and power inflation rose by 1.05% to 153.7 in the reported month from 147.6 in February.

Manufactured products, the largest component of the WPI basket, were up by 3.39% to 149.5 in March from 148.2 a month ago.

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