Context: WPI inflation
Wholesale Price Index WPI rose sharply in March due to crude oil shock from West Asia tensions.


Key data
• WPI Wholesale Price Index 3.88 percent highest in 38 months
• Previous 2.13 percent
• Crude petroleum up 49.1 percent
• Chemicals ammonia PVC rising
• Fuel prices LPG petrol diesel ATF increased
• CPI Consumer Price Index 3.4 percent
Reasons
• Crude oil surge
• Fuel and energy cost rise
• Petrochemical input cost push
WPI and CPI
Meaning
• WPI Wholesale Price Index measures wholesale prices
• CPI Consumer Price Index measures retail prices
Coverage
• WPI primary articles fuel manufactured goods excludes services
• CPI food fuel housing clothing services
Released by
• WPI Office of Economic Adviser Ministry of Commerce
• CPI National Statistical Office Ministry of Statistics


