WPI inflation spikes to over 8-year high of 7.39% in March
The Hindu
Inflation in the fuel and power basket was 10.25 % in March.
The wholesale price-based inflation shot up to over 8-year high of 7.39 % in March on rising crude oil and metal prices. Also, the low base of March last year, when the data was computed with a low response rate due to the nationwide lockdown, contributed to a spike in inflation in March 2021. The WPI inflation was 4.17 % in February and 0.42 % in March 2020.
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