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.
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.
Wholesale price-based inflation rises to 14.55 per cent in March, against 13.11 per cent in February: Govt data
— Press Trust of India (@PTI_News) April 18, 2022