Asia-Pacific News

India's March WPI inflation hits 3-month high of 5.70%

A shoe salesman sits writing as he waits for customers at a store in the Brigade Road shopping area in central Bangalore, India.
Vivek Prakash | Bloomberg | Getty Images

India's wholesale prices-based inflation accelerated to a three-month high of 5.70 percent in March, driven up by increases in food and fuel costs, government data showed on Tuesday.

The rise in the wholesale price index (WPI) compared with a 5.30 percent jump forecast by economists in a Reuters poll. In February, wholesale prices, long seen as India's main inflation measure, rose 4.68 percent, their slowest pace in nine months.

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The reading for January WPI inflation was revised to 5.17 percent from 5.05 percent earlier.

Food prices rose 9.90 percent year-on-year last month, faster than an annual rise of 8.12 percent in February.