India's annual wholesale inflation marginally up

Posted By: IANS
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New Delhi, April 18: India's annual wholesale inflation slightly risen to (-)0.85 percent for March, from (-)0.91 percent in February, official data showed on Monday.

As per data on official wholesale price index (WPI) released by the Commerce and Industry Ministry, annual inflation in pulses was 34.45 percent in the month under review, as the result of which the rise in food article index over the like period was well above the general index at 3.73 percent.


But prices of onions were down 17.65 percent and vegetables in general lower by 2.26 percent.

Thanks to a significant fall in prices of transport fuels -- 9.87 for petrol and 9.79 percent for diesel -- the index for fuel and power was also down by 8.30 percent. And the index for the other major group of manufactured products was down 0.13 in March.

Last week, data on consumer price index released by the Central Statistics Office showed that the retail annual inflation had fallen to a six-month low of 4.83 percent in March from 5.26 percent in February. The retail food inflation also fell to 5.21 percent from 5.30 percent.

The Reserve Bank of India expects the retail inflation to rule at around 5 percent by the end of this fiscal.


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