Wholesale price inflation eases to 2.47% in March as veggies and pulses turn cheaper, says govt data

New Delhi: Inflation based on wholesale prices eased marginally to 2.47 percent in March on cheaper food articles, especially pulses and vegetables. On the basis of the Wholesale Price Index (WPI), inflation was 2.48 percent in February and 5.11 percent in March last year.

 Wholesale price inflation eases to 2.47% in March as veggies and pulses turn cheaper, says govt data

WPI inflation eases to 2.47% in March as food articles turn cheaper. AFP image.

According to a government data released on Monday, food articles showed deflation at 0.29 percent in March as against a 0.88 percent inflation in the preceding month.

Deflation in vegetables was 2.70 percent, pulses (20.58 percent) and wheat (1.19 percent) in March.

Inflation in 'fuel and power' basket however rose to 4.70 percent in March from 3.81 percent in the previous month.

Inflation data for January was revised upwards to 3.02 percent from the provisional estimate of 2.84 percent.

Retail inflation, as per data released last week, slipped to a five-month low of 4.28 percent in March on account of a decline in food prices.

In its first monetary policy review for the fiscal, the Reserve Bank of India (RBI), earlier this month maintained a status-quo on interest rates citing inflationary concerns.

It revised downwards its forecast for retail inflation, to 4.7-5.1 percent for the April-September period and 4.4 percent for the October-March period.

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Updated Date: Apr 16, 2018 14:05:03 IST