WPI inflation eases to 2.47% in March on cheaper food

New Delhi: Inflation based on wholesale prices slipped to 2.47 per cent in March on falling prices of food items, especially vegetables and pulses. On the basis of Wholesale Price Index (WPI), inflation was 2.48 per cent in February and 5.11 per cent in March last year. According to a government data released on Monday, food articles witnessed deflation after about eight months as vegetables, cereals, pulses, eggs, meat and fish, turned cheaper.

Wholesale prices of food fell 0.29 per cent in March against a 0.88 per cent rise in February. Deflation in pulses was 20.58 per cent, in vegetables (2.70 per cent).