Wholesale price index (WPI) inflation climbs four-month high of 14.55%

According to data provided by the commerce ministry on April 18, India’s wholesale price index (WPI) inflation climbed to a four-month high of 14.55 percent in March, up from 13.11 percent in February.

According to data provided by the commerce ministry on April 18. India’s wholesale price index (WPI) inflation climbed to a four-month high of 14.55 percent in March, up from 13.11 percent in February.

In March 2021, the WPI inflation rate was 7.89 percent. With another ten percent or higher print. WPI inflation has now been in double digits for 12 months in a row.

The increase in wholesale inflation in March follows statistics released on April 12 showing that the more closely-tracked headline retail inflation rate based on the Consumer Price Index (CPI) surged to a 17-month high of 6.95 percent in February.

While the Reserve Bank of India’s (RBI) policy aim is expressed in terms of CPI inflation. High WPI inflation is considered as a forerunner to increased consumer prices. As manufacturers pass on rising costs to their customers.

Subscribe to our newsletter
Subscribe to our newsletter
Sign up here to get the latest news delivered directly to your inbox.
You can unsubscribe at any time