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1-min read

March WPI inflation hits three-month high of 5.70 per cent

According to government data, India's wholesale prices-based inflation has been driven up by increases in food and fuel costs.

Reuters

Updated:April 15, 2014, 12:52 PM IST
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March WPI inflation hits three-month high of 5.70 per cent
According to government data, India's wholesale prices-based inflation has been driven up by increases in food and fuel costs.
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New Delhi: India's wholesale prices-based inflation accelerated to a three-month high of 5.70 per cent 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 per cent jump forecast by economists in a Reuters poll. In February, wholesale prices, long seen as India's main inflation measure, rose 4.68 per cent, their slowest pace in nine months.

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

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

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