Top
Begin typing your search above and press return to search.
Madhyamam
    keyboard_arrow_down
    Login
    exit_to_app
    exit_to_app
    Homechevron_rightBusinesschevron_rightInflation spikes to...

    Inflation spikes to 5.7 per cent in March

    text_fields
    bookmark_border
    Inflation spikes to 5.7 per cent in March
    cancel

    New Delhi: Snapping the declining trend, the inflation rose to a three month high of 5.7 per cent in March mainly due to spurt in prices of food items like potato, onion and fruits.

    The inflation in the food items, based on the wholesale price index (WPI), shot up by 9.9 per cent in March as against 8.12 per cent in the previous month.

    The overall WPI inflation, which was on decline since December, had dropped to a nine-month low of 4.68 per cent in February.

    As per the data released by the government on Tuesday, the January inflation number has been revised upward to 5.17 per cent as against earlier estimate of 5.05 per cent.

    In March, price rise in potato was 27.83 per cent as against 8.36 per cent in the previous month. Inflation in onion was 1.92 in the last month of 2013-14 fiscal compared to contraction in price of the kitchen staple in the previous month.

    Overall the inflation in vegetable segment was 8.57 per cent as compared to about 4 per cent in February. Fruits were costlier by 16.15 per cent in March compared to 9.92 per cent.

    The government further said the build-up of inflation rate in the 2013—14 financial year was 5.70 compared to a build up rate of 5.65 per cent in the earlier fiscal.

    The data further revealed that prices of sugar, pulses, cereals, cement and minerals eased in March compared to the previous month.

    Inflation in the fuel and power category (LPG, petrol and diesel) rose to 11.22 per cent versus 8.75 per cent in February.

    Show Full Article
    TAGS:
    Next Story