For Quick Alerts
For Daily Alerts

Inflation In Negative Zone For 17th Month, At -0.85 Per cent In March


Wholesale price-based inflation remained in the negative zone for the 17th month in a row at (-)0.85 per cent in March even as prices of some food articles, mainly pulses, turned costlier.

The March wholesale price index-based inflation was higher than (-)0.91 per cent in February. In March last year, it was (-)2.33 per cent.

Also read: Difference between WPI and CPI inflation

Inflation In Negative Zone For 17th Month, At -0.85 Per cent In March

This is the 17th straight month since November 2014 when deflationary pressure persisted.

Food inflation stood at 3.73 per cent in March compared with 3.35 per cent in February, showed official data released today.

Inflation in vegetables came in at (-)2.26 per cent in March while the same in pulses was high at 34.45 per cent.

Onion and fruits saw easing of prices, with these sub-indices falling by 17.65 per cent and 2.13 per cent, respectively.

The inflation print in the fuel and power segment was (-)8.30 per cent, and for manufactured products, it read (-)0.13 per cent in March.

The January WPI inflation has been revised lower to (-)1.07 per cent from the provisional estimate of (-)0.90 per cent.

The Reserve Bank mainly looks at retail inflation data while firming up its monetary policy stance. Retail inflation in March fell to a six-month low of 4.83 per cent.

RBI earlier this month cut the key policy rate by 0.25 per cent and projected retail inflation to be around 5 per cent this fiscal.

It had said there were uncertainties over unseasonal rains, the likely spatial and temporal distribution of the monsoon, the low reservoir levels by historical averages, and the strength of the recent upturn in commodity prices, especially oil.

The Met department, however, later forecast an above-normal monsoon for this year.


Read more about: inflation cpi wpi
Story first published: Monday, April 18, 2016, 14:24 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more