Wholesale price-based inflation accelerates to 14.55% in March from previous month’s 13.11%

Wholesale price-based inflation accelerates to 14.55% in March from previous month’s 13.11%
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India’s annual wholesale price-based inflation accelerated to a record 14.55% in March from the previous month’s 13.11%, government data showed on Monday.

The inflation indices, Wholesale Price Index (WPI) and Consumer Price Index (CPI), which had been diverging since 2008, now appear to be converging. The reducing gap between CPI and WPI is a sign of an efficient market.(AFP file photo)
The inflation indices, Wholesale Price Index (WPI) and Consumer Price Index (CPI), which had been diverging since 2008, now appear to be converging. The reducing gap between CPI and WPI is a sign of an efficient market.(AFP file photo)

Published on Apr 18, 2022 12:31 PM IST

India’s annual wholesale price-based inflation accelerated to a record 14.55% in March from the previous month’s 13.11%, government data showed on Monday.

March’s figure was higher than 13% forecast in a Reuters poll of analysts, amid higher fuel prices, which were up 34.52% on the year, versus 31.50% in February.


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