WPI Inflation Shot Up to Over 8 years high of 7.39 per cent in March


Ministry of commerce and industries has informed that the annual rate of inflation stood at 7.39 percent (provisional) for the month of March, 2021 over March, 2020. While, month-on-month (March 2021 over February 2021) rate of inflation stood at 1.57 percent.

It further stated that the prices of crude oil, petroleum products and basic metal substantially increased in March 2021 as compared to the corresponding month of last year. Also, due to nationwide lockdown, the wholesale price index (WPI) index for the month of March 2020 (120.4) was computed with relatively low response rate.

Commodities with their respective provisional and final rate are as follows:

All Commodities/Major Groups Weight (%) Jan-21 (F) Feb-21 (P) Mar-21 (P)
Index Inflation Index Inflation Index Inflation
ALL COMMODITIES 100 126.5 2.51 127 4.17 129 7.39
I       PRIMARY ARTICLES 22.6 144.9 -1.56 145 1.82 146 6.4
II     FUEL & POWER 13.2 100.7 -3.82 104 0.58 110 10.25
III   MANUFACTURED PRODUCTS 64.2 125.3 5.47 126 5.81 127 7.34
FOOD INDEX 24.4 151.8 -0.26 153 3.31 153 5.28


However, the RBI in its monetary policy earlier this month kept policy rates unchanged and said it will maintain an accommodative monetary policy stance to support growth and keep inflation at the targeted level.

It projected retail inflation at 5.2 per cent in the June quarter.

Click here for official press release:

Knowledge Source:

Fund Raising for Public and Rights Issues Registered an Increase in FY 2020-21

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