WPI inflation hits high in March

The wholesale price-based inflation spiked to a four-month high of 14.55 per cent in March on rising prices of crude oil and other commodities due to disruption in global supply chain in the wake of the Russia-Ukraine war, a development that may prompt the RBI to raise interest rates to contain price rise.

In February, WPI Inflation was at 13.11 per cent, while in March last year, it was 7.89 per cent.

WPI inflation has remained in double digits for the 12th consecutive month since April 2021.

In November 2021, it had touched a high of 14.87 per cent.

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