India’s WPI surges to record 14.55% in March

BANKING AND ECONOMY

  • The wholesale price-based inflation rose to a four-month high of 14.55 per cent in March.
  • It is mainly due to hardening of crude oil and commodity prices, even though vegetables witnessed easing of price pressures.
  • WPI Inflation in February was at 13.11 per cent, while in March last year, it was 7.89 per cent.

Facts to Know:

 

  • WPI, measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses.
  • WPI is published by the Economic Advisor in the Ministry of Commerce and Industry.
  • Base year for WPI is 2011-12
Wholesale price-based Inflation surges
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