NEW DELHI: Wholesale price inflation jumped to a three-month high in March, led by higher food prices, and remained in the positive territory for the fifth month in a row. The surge in potato and onion prices posed a worry.
Read More: Heatwave updates: IMD issues warning for Mumbai, Bengal, Goa; respite for Delhi-NCR
Data released by the commerce and industry ministry on Monday showed inflation, as measured by the wholesale price index, rose an annual 0.5% compared to a 0.2% increase in the previous month. In March last year, the inflation rate was 1.4%.
Experts said geopolitical tensions could have an impact on commodity prices which needs to be watched.
We also published the following articles recently
Retail inflation at 5-month low, IIP hits 4-month highRetail inflation decreased in March due to lower food inflation, while industrial output peaked in Feb. The data suggests a potential impact of the heatwave on prices and highlights the analysis from ratings agency Icra.
German inflation eases to lowest in almost three yearsGerman inflation eases, ECB pressured for rate cut. Core inflation, services prices rise. Lindner advocates fiscal policy. US debt impact on inflation noted. ECB may cut rates, influenced by Federal Reserve actions amid high inflation.
Read More: Monsoon Season Update: Weather office IMD predicts above-average rainfall in 2024
US inflation picks up, raises rate concernsUS consumer inflation rose by 3.5% in March, affecting the Federal Reserve‘s rate cut plans. Markets responded with a stronger dollar, higher Treasury yields, and falling stocks, reflecting investor expectations for a delay in Fed easing.
