The annual rate of inflation, based on monthly WPI, stood at 3.18% (provisional) for the month of March, 2019 (over March, 2018) as compared to 2.93% (provisional) for the previous month and 2.74% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 3.18% compared to a build up rate of 2.74% in the corresponding period of the previous year.
WPI Inflation Jumps To 3.18% From 2.93%
The index for the primary articles group, which also contains the all important food group, rose by 0.4 percent from the previous month. The index for fuel and fuel group also rose by 2.3 percent to 103.3 (provisional) from 101.0 (provisional) for the previous month.
The RBI had recently cut interest rates, based on falling inflation. If inflation continues to jump, the RBI may put on hold any further rate cuts.
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