You are here: Home » PTI Stories » National » News
Business Standard

Wholesale price inflation cools to 1 pc in March

Business Finance

Press Trust of India  |  New Delhi 

The inflation based on wholesale price index (WPI) eased to 1 per cent in March from 2.26 per cent in February on sharp fall in food prices in the country.

Food inflation in March fell to 4.91 per cent from 7.79 per cent in the previous month, data released by the Commerce and Industry Ministry on Wednesday showed.

The nationwide lockdown which started on March 25 would have had some impact on the data collection for the month.

Inflation in vegetables fell sharply to 11.90 per cent in March from a high of 29.97 per cent in the previous month.

However, inflation in onion continued to rule high at 112.31 per cent during March.

Fuel and power basket witnessed deflation of 1.76 per cent, while manufactured products witnessed inflation of 0.34 per cent.

The government said, due to outbreak of coronavirus and national lockdown, the provisional figures of WPI for latest month are computed with low response rate.

The figures are likely to be revised in a significant manner during release of final month, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, April 15 2020. 12:36 IST