Consumer prices rose 3.4% in March, early signs of West Asia war’s impact
Indian Express·3d ago·Neutral
What Happened
India's headline inflation reached 3.4% in March, slightly above February's 3.21%, according to the Ministry of Statistics and Programme Implementation. Food inflation accelerated to 3.87% from 3.47%. Energy and fuel inflation spiked to 1.65% from 0.14%, reflecting West Asia war impacts on global oil prices. India's crude basket surged over 60% in March. The government raised LPG cylinder prices by Rs 60. Wholesale inflation likely jumped to 3.08% in March, highest in nearly two years.
Key Entities
Ministry of Statistics and Programme ImplementationConsumer Price Index (CPI)Reserve Bank of India (RBI)West Asia warUnion Bank of IndiaKanika PasrichaIndian Express