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WPI inflation spikes to 3.18 pc in March on costlier food, fuel

Press Trust of India  |  New Delhi 

Wholesale price-based rose for the second consecutive month to 3.18 per cent in March on and fuel, government data released Monday showed.

The Wholesale Price Index (WPI) based was at 2.93 per cent in February. It was 2.74 per cent in March 2018.

in hardened with steep rise in prices of vegetables during March 2019.

Vegetables inflation was at 28.13 per cent in March, up from 6.82 per cent in the previous month. However, inflation in potato cooled substantially to 1.30 per cent, from 23.40 per cent in February.

Inflation in basket was 5.68 per cent during March.

Inflation in 'Fuel and power' category also spiked to 5.41 per cent, from 2.23 per cent in February.

The Reserve Bank, which mainly factors in for monetary policy decision, had earlier this month cut interest rates by 0.25 per cent.

accelerated to 2.86 per cent in March from 2.57 per cent a month ago, data released last week showed.

For April-September period, the RBI has projected at 2.9-3 per cent, mainly due to and fuel prices as well as expectation of a normal monsoon.

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

First Published: Mon, April 15 2019. 12:25 IST