<p>The country’s wholesale price inflation came a tad lower at 2.47% in March from 3.02% in the previous month on the back of lower prices of food and vegetables.</p>.<p>Food articles showed a deflation at 0.29% in March, deflation in pulses was 20.58%, in vegetables 2.70%, wheat 1.19% and egg, meat and fish 0.82%. There was 0.88% inflation in food items in February.</p>.<p>Only onion and potato in vegetable segment witnessed inflation of 42.22% and 43.25%, respectively. Manufactured products inflation was at 3.03% even as sugar prices fell 10.48% during the month. The price rise in the fuel and power basket was at 4.70% in March from 3.81% in January due to rising crude prices.</p>.<p>India Inc hailed the ease of inflation and the government’s supply-side response.</p>.<p>“Consistent decline in WPI indicates that the government has undertaken effective measures at the ground to address the supply side problems of the economy during the last few years. A significant decline in the inflation of food articles including cereals and pulses is an indicator that the government has rightly focused on the agriculture sector,” said PHD Chamber of Commerce.</p>.<p>Earlier, the data showed retail inflation too slipped to a five-month low of 4.28% in March on account of decline in food prices providing comfort to the RBI for its next monetary policy review.</p>
<p>The country’s wholesale price inflation came a tad lower at 2.47% in March from 3.02% in the previous month on the back of lower prices of food and vegetables.</p>.<p>Food articles showed a deflation at 0.29% in March, deflation in pulses was 20.58%, in vegetables 2.70%, wheat 1.19% and egg, meat and fish 0.82%. There was 0.88% inflation in food items in February.</p>.<p>Only onion and potato in vegetable segment witnessed inflation of 42.22% and 43.25%, respectively. Manufactured products inflation was at 3.03% even as sugar prices fell 10.48% during the month. The price rise in the fuel and power basket was at 4.70% in March from 3.81% in January due to rising crude prices.</p>.<p>India Inc hailed the ease of inflation and the government’s supply-side response.</p>.<p>“Consistent decline in WPI indicates that the government has undertaken effective measures at the ground to address the supply side problems of the economy during the last few years. A significant decline in the inflation of food articles including cereals and pulses is an indicator that the government has rightly focused on the agriculture sector,” said PHD Chamber of Commerce.</p>.<p>Earlier, the data showed retail inflation too slipped to a five-month low of 4.28% in March on account of decline in food prices providing comfort to the RBI for its next monetary policy review.</p>
