Team News Riveting
New Delhi, April 18
The wholesale price index-based inflation rose to 14.55 per cent in March on rising edible oil prices and increase in power prices.
The figure last month was 13.11 per cent on hardening of prices of crude oil and non-food items, whereas crude petroleum spiked to 55.17 per cent. The high rate of inflation in March 2022 was primarily due to rise in prices of crude petroleum and natural gas, mineral oils, basic metals, owing to disruption in global supply chain caused by Russia-Ukraine conflict, according to the data released by the industry department today.
The WPI Food Index increased from 8.47 per cent in February to 8.71 per cent in March. For manufactured products, the inflation rose to 10.71 per cent. In egg, meat and fish, inflation was 9.42 per cent, while in onion, it was (-) 9.33 per cent. Inflation in potatoes saw a spike at 24.62 per cent in March, against 14.78 per cent in February.
In the fuel and power basket, the rate of price rise was 34.52 per cent during the month while the inflation in crude petroleum spiked to 83.56 per cent in March, from 55.17 per cent during February.
