Source: The Hindu Business Line, Apr 16, 2018
New Delhi: The Wholesale Price Index (WPI)-based inflation came in at 2.47 per cent for March 2018, below market expectations. This latest WPI inflation print is the lowest since July 2017. In February this year, WPI inflation had come in at 2.48 per cent.
It may be recalled that WPI had come in at 5.11 per cent in March last year.Meanwhile, manufactured products inflation for March 2018 came in at 3.03 per cent, lower than 3.22 per cent in the same month last year. Food articles inflation contracted in March 2018 at 0.29 per cent.