The high rate of inflation is primarily due to the rise in prices of crude petroleum and natural gas, mineral oils, basic metals, claims the Government
New Delhi: The annual rate of inflation is 14.55% (Provisional) for the month of March 2022 (over March 2021) as compared to 7.89% in March 2021.
The high rate of inflation in March 2022 is primarily due to the rise in prices of crude petroleum and natural gas, mineral oils, and basic metals, owing to disruption in the global supply chain caused by the Russia-Ukraine conflict, the Ministry of Commerce & Industry claimed today.
In February 2022, the wholesale inflation was 13.11%, and it had remained in double digits for the eleventh consecutive month.
The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) released index numbers of wholesale prices in India (Base Year: 2011-12) for the month of March 2022 (Provisional) and for the month of January 2022 (Final) today. Provisional figures of the Wholesale Price Index (WPI) are released on the 14th of every month (or the next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.
The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:
– global bihari bureau
