New Delhi: Continuing declining trend, India’s wholesale inflation fell to 1.34% in March, 2023 as against 3.85% recorded in the previous month.
“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,” an official release from Commerce Ministry said on Monday.
Driven primarily by the softening of food prices, India’s retail inflation measured by consumer price index (CPI) also dropped in March to 5.66% from 6.44% in the previous month.
