Inflation based on wholesale price index (WPI) increased in the month of March 2024 to 0.53% from 0.20% in February 2024, primarily due to increase in prices of food articles, electricity, crude petroleum & natural gas, machinery & equipment and other manufacturing etc.
The Component wise, primary articles index, having weight of 22.62%, increased 0.94% to 183.1 (provisional) in March 2024 from 181.4 (provisional) for the month of February 2024, on the back of surge in prices of crude petroleum & natural gas, food articles, minerals and non-food articles.
Fuel & Power index, having weight of 13.15%, increased 0.06% to 155.2 (provisional) in March 2024 from 155.1 (provisional) for the month of February 2024, due to rise in prices of electricity and mineral oils. However, prices of coal declined in March 2024 as compared to February 2024.
Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased 0.21% to 140.1 (provisional) in March 2024 from 139.8 (provisional) for the month of February 2024. Meanwhile, for the month of January 2024 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 151.2 and 0.33% respectively.
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