Inflation based on Wholesale Price Index (WPI) reached a 3-month high of 5.7% in March 2014. This hike was driven up by increases in prices of food items and fuel costs.
The inflation in the food items based on the Wholesale Price Index (WPI) shot up by 9.9% in the same month against 8.12 percent of February 2014. The overall WPI-based inflation dropped to a nine-month low of 4.68% in February 2014. The WPI-based inflation is on decline since December 2013.
On the other hand, the retail inflation measured by Consumer Price Index (CPI) in March 2014 was recorded at 8.31% from 8.03% in February 2014. This rise was caused mainly on account of a rise in fruit and vegetable prices.