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India Wholesale Price Inflation Slows In March

India’s wholesale prices rose at a softer rate in March, data from the Ministry of Commerce & Industry showed on Wednesday.

The wholesale price index rose 1.0 percent year-on-year in March, slower than a 2.26 percent increase in February. Economists had expected a 2.0 percent rise.

Build up inflation in the financial year was 1.0 percent in March compared to 3.10 percent in the corresponding period of the previous year.

Food price inflation increased to 4.91 percent in March from 7.79 percent in February. Prices for non-food articles rose 1.94 percent.

Fuel and power prices dropped 1.76 percent after a 3.38 percent rise, and prices of manufactured products rose 0.34 percent.

On a monthly basis, the wholesale prices fell 0.9 percent in March.

The material has been provided by InstaForex Company – www.instaforex.com