WPI inflation falls to 5.7% in March due to easing fuel prices

Official data shows sharp rise in food prices to 3.12% in March compared to 2.69% in February

Inflation based on the wholesale price index slipped to 5.70 per cent in March due to easing fuel prices and cost decline of manufactured goods even as food prices hardened.

The WPI inflation, reflecting the annual rate of price rise, in February was 6.55 per cent. In March 2016, the print came in at (-)0.45 per cent.

According to official data released on Monday, food prices saw a sharp rise of 3.12 per cent in March compared to 2.69 per cent in the previous month.

This is primarily because of a steep price jump in vegetables where inflation stood at