The wholesale price inflation for March came in at 2.47%. It has eased down marginally as food articles, specially pulses and vegetables have become cheaper.

The WPI in the month of February was 2.48% and last year in the corresponding period it was 5.11%. As per the government data released today, food articles posted deflation at 0.29% in March, while it was 0.88% in the preceding month.

Deflation in vegetable was 2.70%, pulses (20.58%) and wheat (1.19%) in March. Inflation in fuel and power basket raised to 4.70% in march from 3.81% in the previous month.

Read EquityPandit’s Technical Analysis of Indian Stock Market