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Inflation topped 8% in March
Our Bureau
New Delhi, May 23
The final inflation jumped to eight per cent in March for the first time in three-and-a-half years, revised data showed. Final inflation for the week ended March 15 was revised to 8.02 per cent from 6.68 per cent, with the final WPI for ‘all commodities’ being revised to 226.4 points, compared with 223.6 points reported provisionally. This is now the highest inflation rate since September 2004.
The Commerce and Industry Ministry, which releases the Wholesale Price Index data, has been effecting upward revisions in the final figures, since the beginning of this year, with the gap between the provisional and final figures having now widened to 134 basis points for the latest week, where final inflation estimates have been released. The gap between the final and provisional figures has been consistently ruling above 60 basis points since end-January.
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