Wholesale inflation hits three month high in March, surges to 0.53%

India's wholesale price index-based inflation increased to 0.53% in March, the highest in three months, according to data from the Commerce Ministry on Monday.

The rise was mainly driven by food and primary articles. Wholesale onion prices surged by 56.99% in March, after a 29.22% increase in February. Experts predict a shortage in onion supply until the next kharif crop, reversing the current scenario of surplus and stable prices due to an export ban.

Similarly, potato prices rose by 52.96% in March, compared to a 15.34% increase in February. In the same month last year, onion prices had dropped by 36.83%, and potato prices by 25.59%, as per data.