India Wholesale Inflation Up to 3-Month High

In March of 2014, India wholesale prices accelerated to an annual 5.7 percent on higher food, fuel and manufacturing cost, breaking a three-month easing trend.

Year-on-year, food prices accelerated to 9.9 percent from 8.12 percent recorded in February. Cost of potato surged 27.83 percent, fruit prices rose 16.15 percent and rice cost increased 12.56 percent. Price of vegetables rose 8.57 percent. 

Cost of non-food articles slowed to an annual 4.62 percent (5.13 percent in February); prices of manufactured goods accelerated to 3.23 percent from 2.76 percent in the previous month and cost of fuel and power rose at a faster 11.22 percent, boosted by a 9.28 percent increase in liquefied petroleum gas and a 14.63 percent rise in prices of high speed diesel. 

From February to March, wholesale prices accelerated to 0.5 percent. The heavily weighted manufactured products sub index rose 0.52 percent and prices of food articles increased 1 percent. 

India Wholesale Inflation Up to 3-Month High

Ministry of Commerce and Industry | Joana Taborda |
4/15/2014 9:21:15 AM