NEW DELHI, April 15 (Reuters) – India’s wholesale prices rose 3.88% year-on-year in March, its fastest pace in over three years, driven by higher prices of oil, food and manufactured products, government data showed on Wednesday.
The data was higher than the 2.13% rise a month ago and economists’ projection of 3.04%.
UPDATE
• Wholesale food prices rose 1.85% year-on-year in March after rising 1.85% in February.
• Vegetable prices increased 1.45% year-on-year in March, as compared to a 4.73% year-on-year increase a month ago.
• Prices of manufactured products rose 3.39% year-on-year in March after a 2.92% year-on-year rise a month ago.
• Fuel and power prices increased 1.05% year-on-year in March, as against a decline of 3.78% a month ago
