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NIFTY 50·22,888.95−1.11%SENSEX·73,852.90−1.17%BANK NIFTY·55,488.10−0.64%RELIANCE·1,202.00−0.76%HDFC BANK·712.00−2.31%ICICI BANK·1,381.00−1.15%BHARTI AIRTEL·1,875.20−1.56%INFOSYS·1,130.70−2.63%L&T·3,661.90+0.96%TCS·2,460.90−0.17%ITC·260.80−1.02%SBI·973.70+1.15%AXIS BANK·1,236.00−4.19%NIFTY 50·22,888.95−1.11%SENSEX·73,852.90−1.17%BANK NIFTY·55,488.10−0.64%RELIANCE·1,202.00−0.76%HDFC BANK·712.00−2.31%ICICI BANK·1,381.00−1.15%BHARTI AIRTEL·1,875.20−1.56%INFOSYS·1,130.70−2.63%L&T·3,661.90+0.96%TCS·2,460.90−0.17%ITC·260.80−1.02%SBI·973.70+1.15%AXIS BANK·1,236.00−4.19%

Commodities

India's wholesale inflation hit a 41-month high in March, pushed up by fuel and raw material prices.

6 months ago · Lumic

Graph showing India's wholesale inflation rate rising sharply in March to a 41-month high, driven by fuel and raw material co
Lumic
6 months ago
India's wholesale inflation hit a 41-month high in March, pushed up by fuel and raw material prices.
KEY POINTS
Wholesale price inflation reached 3.88% in march a notable increase from 2.13% in February.
This jump makes it the fastest rise in wholesale price seen in over three years (41 months)
The main culprits were rising costs of crude oil, natural gas, and some manufactured items.
business standard·6 months ago

This Fin Shorts story delves into India's wholesale inflation figures for March, which have surged to a significant 41-month high. The Producer Price Index (PPI) saw a considerable jump to 3.88%, a marked increase from February's 2.13%. This rise in wholesale price inflation is primarily driven by escalating costs in the fuel and raw materials basket, notably crude oil and natural gas prices. Additionally, the prices of certain manufactured goods have also contributed to this uptick. Understanding these wholesale price trends is crucial for tracking broader economic activity and potential impacts on consumer prices in the Indian economy. Lumic provides clear interpretations of such key economic indicators.

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