Inflation based WPI eases to 1.34% in March

New Delhi, Apr 17 (KNN) The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.34 per cent for the month of March, 2023 (over March, 2022) against 3.85 per cent recorded in February, 2023.

Decline in the rate of inflation in March, 2023 is primarily contributed by fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber & plastic products, crude petroleum & natural gas and paper and paper products, said the Ministry of Commerce on Monday.

The month-over-month change in WPI index in March, 2023 remains unchanged as compared to February, 2023.

For primary articles the index increased by 1.16 per cent to 175.0 in March, 2023 from 173.0 for the month of February, 2023.

Prices of Minerals (8.16%), Crude Petroleum & Natural Gas (4.61%) and Food Articles (1.13%) increased in March, 2023 as compared to February, 2023. Prices of Non-food Articles declined by 2.05 per cent in March, 2023 as compared to February, 2023.

The index for Manufactured Products declined by 0.28 per cent to 141.2 (provisional) in March, 2023 from 141.6 (provisional) for the month of February, 2023.  (KNN Bureau)