The wholesale price inflation (WPI) went up by 144 basis points (bps) in March, according to the Ministry of Commerce and Industry release on April 18. "The annual rate of inflation is 14.55 per cent for the month of March 2022 as compared to 7.89 per cent in March 2021," the release added.
According to the data, food inflation went up from 8.47 per cent in February 2022 to 8.71 per cent in March 2022. The list included food items like cereals, paddy, wheat, pulses, vegetables, potatoes, onions, fruits, milk, eggs, meat and fish.
Oil seeds inflation settled low at 22.49 per cent compared to 22.88 per cent in February, which was the highest since November 2021.
Fuel and power inflation accelerated to 34.52 per cent in March compared to 31.5 per cent in February due to a 9.19 per cent increase in mineral fuel prices, the ministry data suggested.
Inflation in manufacturing products went up from 9.84 per cent in February to 10.71 per cent in March. The products included are vegetable and animal oils and fats, beverages, tobacco products, textiles, wearing apparel, leather and other related products.
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