Inflation reached 0.53 percent in March
[ad_1]
Wholesale Price Index: After the monetary review policy meeting, the Governor of the Reserve Bank had also expressed concern regarding the inflation of vegetables. Also, it was said to keep an eye on inflation. On one hand, retail inflation gave relief to the common people in the month of March. At the same time, a slight increase is being seen in the wholesale inflation rate. It is being told that due to increase in the prices of vegetables, potatoes, onions and crude oil in the country, wholesale inflation increased marginally to 0.53 percent in March, which was 0.20 percent in February. Wholesale Price Index (WPI) based inflation remained below zero continuously from April to October. In November it was 0.26 percent. In December, 2022 it was at the level of 5.02 percent.
What do government figures say?
The Ministry of Commerce and Industry said in a statement on Monday that the annual rate of inflation based on All India Wholesale Price Index (WPI) data stood at 0.53 percent (provisional) in March 2024. Potato inflation was 25.59 percent in March 2023 and it was 52.96 percent in March 2024. Onion inflation stood at 56.99 percent which was minus 36.83 percent in March 2023. According to the data, inflation in the crude petroleum segment increased by 10.26 percent in March this year due to increase in global crude oil prices. However, retail inflation declined to a five-month low of 4.85 percent in March this year, mainly due to fall in food prices.
Also Read: Storm of buyers of expensive homes, Affordable Homes customers reduced by half in a year
Food inflation decreased
Retail or Consumer Price Index (CPI) based inflation increased to 5.66 percent in March. It was 5.09 percent in February. According to data released last week by the National Statistical Office (NSO), food inflation stood at 8.52 percent in March as against 8.66 percent in February.
,with language input,
[ad_2]
Source link
