WPI based inflation in March

April 18, 2022

The wholesale price index (WPI) based inflation in India in the month of March rose to 14.55 per cent due to an increase in power prices and rising edible oil prices.

Overview:

In March 2021, the WPI-based inflation had stood at 7.89 per cent.
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.

About WPI Food Index

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 per cent in March 2022 from 8.47 per cent in February 2022.

About the Fuel and Power sector

In March 2022, the index for the major fuel and power group increased by 5.68 per cent to 146.9 from 139.0 in February 2022. Also, the prices of mineral oils increased in March 2022 as compared to February 2022. Power and fuel account for 13.15 per cent of the WPI basket.

About the Manufactured Products sector

The index for this group accounts for more than 64 per cent of the WPI basket. It increased by 2.31 per cent to stand at 141.6 in March 2022 from 138.4 in February 2022.

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