Categories: Economy

WPI based inflation in March rose to 14.55%

The wholesale price index (WPI) based inflation in India in the month of March rose to 14.55% due to an increase in power prices and rising edible oil prices. In March 2022, the high rate of inflation was recorded due to a rise in prices of mineral oils, crude petroleum and natural gas, and basic metals owing as there was a disruption in the global supply chain caused by the Russia-Ukraine conflict. In March 2021, the WPI-based inflation had stood at 7.89%.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The food index, which includes food products from the Manufactured Products group and food articles from the government’s Primary Articles group, has risen to 167.3 in March 2022 from 166.4 in February 2022. The WPI Food Index-based rate of inflation also increased to 8.71 % in March 2022 from 8.47 % in February 2022. In March 2022, the index for the major fuel and power group increased by 5.68 % to 146.9 from 139.0 in February 2022.

Find More News on Economy Here

Sumit Arora

Recent Posts

Who is Known as the Father of Geometry?

Geometry is a branch of mathematics that focuses on the study of shapes, sizes, and…

1 hour ago

SECI MoU to Advance Green Hydrogen initiatives

On 19th November 2024, the Solar Energy Corporation of India Ltd (SECI), under the Ministry…

2 hours ago

Which District of Madhya Pradesh is Famous for Mhow Cantonment?

Madhya Pradesh is a large state in central India, known for its rich history, cultural…

3 hours ago

PM Modi Receives Highest Honors from Guyana and Dominica

Prime Minister Narendra Modi has been conferred prestigious awards by Guyana and Dominica in recognition…

3 hours ago

Which District of Haryana is Known as Milk City?

India is home to many cities that are uniquely recognized for their culture, history, or…

3 hours ago

HMJS Launches “Bhu-Neer” Portal for Groundwater Permits

Shri C.R. Paatil, the Hon'ble Minister of Jal Shakti, digitally launched the "Bhu-Neer" portal during…

4 hours ago