Wholesale price inflation fell to 1% in March from 2.26% in February, government data showed on Wednesday. The wholesale inflation based on wholesale price index (WPI) fells sharply due to a fall in food prices in the country. According to data released by the Commerce and Industry Ministry, food inflation in March fell to 4.91% from 7.79% in the previous month. Inflation in vegetables fell sharply to 11.90% in March from a high of 29.97% in the previous month. Fuel and power basket witnessed deflation of 1.76%, while manufactured products witnessed inflation of 0.34%.

Source: dna April 15, 2020 07:52 UTC