New Delhi, April 15 (IANS) India’s inflation rate based on the Wholesale Price Index (WPI) edged up to 0.53 per cent in March, official figures released by the Commerce and Industry Ministry on Monday showed.
The positive rate of inflation in March is primarily due to an increase in prices of food articles, electricity, crude petroleum and natural gas, machinery & equipment and other manufacturing goods, the ministry said.
The WPI inflation in February had come down to 0.2 per cent in February from 0.33 per cent in January this year.
Food inflation stood at 4.65 per cent for March as against 4.09 per cent in February.
The core inflation rate, which excludes fuel and food items, stood at -1.2 per cent in March in comparison to February’s figure of -1.3 per cent.
Data released last week showed India’s consumer price inflation eased to a five-month low of 4.85 per cent in March bringing relief to household budgets.
Retail Inflation has come down closer to the RBI’s mid-term target of 4 per cent after which the central bank would be in a position to cut key interest rates to spur economic growth.
The country’s CPI inflation had stood at 5.09 per cent in February and 5.1 per cent in January.
–IANS
sps/dpb
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
