India’s inflation based on wholesale price index (WPI) surged to 14.55% in the month of March as against 13.11% in February. The annual rate of inflation is 14.55% in March 2022 as compared to 7.89% in March 2021. The high rate of inflation in March 2022 is primarily due to rise in prices of crude petroleum & natural gas, mineral oils, basic metals, etc owing to disruption in global supply chain caused by Russia-Ukraine conflict.
Component wise, primary articles index, having weight of 22.62%, increased by 2.10% to 170.3 (provisional) in March 2022 from 166.8 (provisional) for the month of February 2022. Fuel & Power index, having weight of 13.15%, increased by 5.68% to 146.9 (provisional) in March 2022 from 139.0 (provisional) for the month of February 2022. Prices of Mineral Oils increased in March 2022 as compared to February 2022.
Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by 2.31% to 141.6 (provisional) in March, 2022 from 138.4 (provisional) for the month of February, 2022. Meanwhile, for the month of January, 2022 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 143.8 and 13.68% respectively.
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