Inflation cools to 5.7% in March even as food prices heat up

Inflation at the wholesale level eased to 5.7 per cent in March on declining fuel prices and appreciating rupee even as food prices hardened.

Based on the Wholesale Price Index (WPI), inflation was at 6.55 per cent in February.

In March last year, it was at (-)0.45 per cent.

According to the official data released on Monday, food prices saw a sharp rise of 3.12 per cent last month compared to 2.69 per cent in February.

This was primarily because of a big jump in vegetable prices where inflation stood at 5.70 per cent. As for fruits, the figure was also high at 7.62 per cent, while for eggs, meat and fish, it was 3.12 per cent.

Fuel inflation declined to 18.16 per cent, from 21.02 per cent in February.

(Agencies)

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