New delhi: India's wholesale price index has jumped to 3.88% in March, driven by escalating costs of crude petroleum, natural gas, and mineral oils.
According to Anadolu Agency, the Indian Commerce and Industry Ministry announced on Wednesday that the rise in inflation was predominantly the result of heightened prices for crude petroleum and natural gas. This sector experienced a significant increase, with prices surging by 36.16% compared to February levels.
Additionally, the manufactured products index experienced a minor increase of 0.88% during the same period. Meanwhile, the food index inflation remained steady, maintaining a year-on-year rate of 1.85%.