WPI of 7.39 pc recorded in March 2021 -

WPI of 7.39 pc recorded in March 2021

New Delhi, Apr 15 (UNI) The wholesale price inflation was recorded 7.39 per cent in March 2021, Ministry of Commerce and Industry said on Thursday.

As per reports, last time such high inflation was recorded in October 2012.The inflation recorded in February 2021 was 4.17per cent.

β€œThe prices of crude oil, petroleum products and basic metal substantially increased in March 2021 as compared to the corresponding month of last year,” the Ministry said in a statement.

As per the official data, in the month of March 2021, the wholesale price inflation was 6.40 per cent in primary articles, 10.25 pc in fuel and power, 7.34 per cent in manufactured products and 5.28 per cent in food index.

In comparison to February 2021, the highest spike was observed in fuel and power sector, recording an increase of over 9.75 per cent.

The Wholesale Price Index is the price of a representative basket of wholesale goods.

UNI PS SB 1509

Source link

Subscribe to Infrabuddy Newsletter