March WPI inflation hits 3 month high of 5.70 pc

India's wholesale prices-based inflation accelerated to a three-month high of 5.70 percent in March, driven up by increases in food and fuel costs, government data showed on Tuesday.

The rise in the wholesale price index (WPI)compared with a 5.30 percent jump forecast by economists in a Reuters poll. In February, wholesale prices, long seen as India's main inflation measure, rose 4.68 percent, their slowest pace in nine months.

The reading for January WPI inflation was revised to 5.17 percent from 5.05 percent earlier.

Food prices rose 9.90 percent year-on-year last month, faster than an annual rise of 8.12 percent in February.

EDITORIAL OF THE DAY

  • Reservations, along with economic subsidies, must go to get India moving

    A young man, in his early twenties, starts an agitation demanding reservation for the community he represents.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The China story isn’t over yet

China’s financial markets are currently in the eye of a ...

Anuja Sharma

Love yourself to love others

“There are two basic motivating forces: fear and love. When ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture