Wholesale Price based inflation spikes to 3-month-high at 0.53% in March
The annual rate of inflation based on the all India Wholesale Price Index (WPI) number has risen marginally to 0.53 per cent for March 2024, the government said on Monday.
The annual rate of inflation based on the all India Wholesale Price Index (WPI) number has risen marginally to 0.53 per cent for March 2024, the government said on Monday.
The annual rate of inflation based on the all India Wholesale Price Index (WPI) for December rose to 0.73 per cent, a nine-month high, according to government data on Monday.
The month-over-month change in WPI index for the month of November, 2023 stood at 0.53 per cent as compared to October, 2023.
The WPI inflation has remained in the deflationary zone for the sixth month in a row in September, the data revealed.
India's wholesale inflation declined further during the month of August to 12.41 per cent from 13.93 per cent the previous month but continues to remain in double digits, official data released on Wednesday showed.
The WPI inflation was 7.39 per cent in March 2021, and (-) 1.57 per cent in April 2020.
The WPI inflation rose for the second consecutive month in February to 4.17 per cent from a rise of 2.03 per cent in January.
The inflation based on Wholesale Price Index (WPI) was 1.55 per cent in November 2020.
The wholesale price index based (WPI) inflation was in the negative territory for four straight months - April (-) 1.57 per cent.
The Reserve Bank of India (RBI) in its policy review last month kept interest rates unchanged and said it sees upside risk to inflation..
