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India WPI Inflation Climbs to 3.88 Percent as Energy Prices Surge
(MENAFN) India’s wholesale inflation accelerated in March, with the wholesale price index (WPI) rising to 3.88%, driven largely by a sharp jump in energy-related costs.
According to India’s Commerce and Industry Ministry, the main factor behind the increase was a significant rise in crude petroleum and natural gas prices during the month.
Energy prices recorded the steepest movement, as crude petroleum and natural gas costs surged 36.16% from February levels, underscoring mounting pressure in the commodities sector.
Meanwhile, the index for manufactured goods posted a more modest gain, edging up 0.88% over the same period.
Food inflation, by contrast, remained unchanged on a year-on-year basis at 1.85%, suggesting relative stability in essential consumer staples despite broader price pressures.
According to India’s Commerce and Industry Ministry, the main factor behind the increase was a significant rise in crude petroleum and natural gas prices during the month.
Energy prices recorded the steepest movement, as crude petroleum and natural gas costs surged 36.16% from February levels, underscoring mounting pressure in the commodities sector.
Meanwhile, the index for manufactured goods posted a more modest gain, edging up 0.88% over the same period.
Food inflation, by contrast, remained unchanged on a year-on-year basis at 1.85%, suggesting relative stability in essential consumer staples despite broader price pressures.
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