The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.34% (Provisional) for the month of March, 2023 (over March, 2022) against 3.85% recorded in February, 2023.
Decline in the rate of inflation in March, 2023 is primarily contributed by fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber & plastic products, crude petroleum & natural gas and paper and paper products.
The month-over-month change in WPI index in March, 2023 remains unchanged as compared to February, 2023.
Earlier the retail inflation had also reduced to 5.66% for the month of Mar’23.
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