Wholesale inflation at 2.47% in March

Moneycontrol News

India's wholesale inflation grew 2.47 percent in March, a 9-month low, as prices of vegetables and other food and beverages softened/firmed up, latest price data released by the commerce and industry ministry showed.

Wholesale inflation rate, measured by Wholesale Price Index (WPI), is a marker for price movements in bulk buys for traders and broadly mirrors trends in shop-end prices.

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WPI witnessed a growth of 2.48 percent in February. Also, January WPI inflation has been revised to 3.02 percent from 2.84 percent.

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Primary articles, which account for more than a fifth of the entire wholesale price index grew 0.24 percent in March from 0.79 percent in February.

 

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