Just in | #Inflation in India's wholesale prices hit a 4 month high of 14.55% in March, from 13.11% in February, driven by accelerating price rise across all categories of goods, with fuel and power as well as primary articles driving most of the gains., reports @tragicosmicomic
While the wholesale food prices index inched up marginally from 8.47% in February to 8.71% in March, manufactured products inflation moved up from 9.84% to 10.71%. However, the month-on-month change in the index for manufactured goods was sharper at 2.31%.
Fuel and power inflation surged to 34.52% in March, compared to 31.5% in February, while inflation in primary articles accelerated from 13.39% to 15.54%.
Wholesale price inflation was at 7.89% in March 2021.
An official statement attributed the high inflation this March 'primarily to rise in prices of #crude petroleum and natural gas, mineral oils, basic metals, etc owing to disruption in global supply chain caused by #Russia-#Ukraine conflict'.
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