India's wholesale inflation rate declines to 5.70% in March 2017
New Delhi, April 17, 2017
India's headline annual rate of inflation, based on the monthly wholesale price index (WPI), declined to 5.70 percent in March 2017, as compared to 6.55 percent for the previous month and -0.45 percent during the corresponding month.
An official statement, quoting provisional data, said here today that the official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for March, 2017 declined by 0.1% to 185.3 from 185.5 for the previous month.
The build-up inflation rate in the financial year so far was 5.70% compared to a build-up rate of -0.45% in the corresponding period of the previous year, it said.
The statement said the inflation rate for food articles in Primary Articles in March 2017 increased to 3.12% from 2.69% in the previous month and that for food products in Manufactured Products fell to 6.96% in March 2017 from 9.27%.
The inflation rate for Fuel & Power stood at 18.16% in March, down from 21.02% in February, it said.
The statement said that the final WPI for All Commodities’ (Base: 2004-05=100) for January, 2017 stood at 185.1 as compared to 184.6 reported provisionally on February 14, 2017. Accordingly, the annual rate of inflation, based on the final index, for January 2017, stood at 5.53% as compared to 5.25%, as reported on that date.