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India’s wholesale inflation jumps to 7.39% in March

15 Apr 2021 Evaluate

Firmer prices of crude oil, petroleum products and basic metal drove India’s inflation based on wholesale price index (WPI) to 7.39% (provisional) for the month of March 2021 over March 2020. However, month-on-month (March 2021 over February 2021) rate of inflation stood at 1.57%.

Component wise, primary articles index having weight of 22.62%, increased by (0.55%) to 146.2 (provisional) in March 2021 from 145.4 (provisional) for the month of February 2021. Prices of Crude Petroleum & Natural Gas, Non-food Articles and Minerals increased in March 2021 as compared to February 2021, while prices of Food Articles declined in March 2021 as compared to February 2021.

Fuel & Power index, having weight of 13.15%, rose (5.28%) to 109.7 (provisional) in March 2021 from 104.2 (provisional) for the month of February 2021. Prices of Mineral Oils increased in March 2021 as compared to February 2021, while prices of Coal declined in March 2021 as compared to February 2021. But, prices of electricity remain unchanged.

Manufactured Products constituting the major portion of the index with weight of 64.23%, jumped (1.27%) to 127.3 (provisional) in March 2021 from 125.7(provisional) for the month of February 2021. Meanwhile, for the month of January 2021, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 126.5 and 2.51% respectively.

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