March Wholesale Price Inflation Accelerates to 3.18 %

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New Delhi: India’s annual wholesale price inflation in March accelerated to 3.18 percent, its highest in three months, government data showed on Monday, boosted by a jump in the prices of food and fuel products.

Last month, the wholesale price inflation was in line with the forecast of 3.20 percent by economists in a Reuters poll, and higher than provisional 2.93 percent in February.

Wholesale food prices in March rose 3.89 percent year-on-year, compared with a 3.29 percent jump a month earlier, the data showed.