WPI Inflation Rises To 14.55% In March Amid Increasing Food, Fuel Prices

India’s wholesale price-based inflation for March is at 14.55 per cent from 13.11 per cent in February amid the rise in fuel and food prices. The annual rate of inflation for the month of March 2021 was at 7.89%.

The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) released index numbers of wholesale price in India (Base Year: 2011-12) for the month of March, 2022 (Provisional) and for the month of January, 2022 (Final) on Monday.

The high rate of inflation in March, 2022 is primarily due to the rise in prices of crude petroleum and natural gas, mineral oils, basic metals, etc owing to disruption in the global supply chain caused by the Russia-Ukraine conflict.

The rate of inflation based on WPI Food Index increased from 8.47% in February, 2022 to 8.71% in March, 2022.