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Financial News: India's Wholesale Price Inflation Slows Marginally In Marc

India's Wholesale Price Inflation Slows Marginally In March

04/16/2018 - 03:34:00 (RTTNews)

(RTTNews) - India's wholesale price inflation eased for the fourth straight month in March, though fractionally, data from Ministry of Commerce & Industry showed Monday.

Wholesale prices climbed 2.47 percent year-over-year in March, almost in line with February's 2.48 percent increase. Meanwhile, the rate was forecast to rise to 2.5 percent.

Build up inflation rate in the financial year so far was 2.47 percent compared to a build up rate of 5.11 percent in the corresponding period of the previous year.

The index for primary articles rose only 0.24 percent annually in March, while prices of food articles dropped by 0.29 percent.

On a monthly basis, wholesale prices increased 0.2 percent at the end of the first quarter.

Data released on April 12 showed that consumer price inflation eased to 4.28 percent in March from 4.44 percent in February.

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