India's wholesale prices quicken to a 3-month high in March, onion and potato prices top 50%
India's wholesale price index-based inflation surged to 0.53% in March from 0.20% in February, driven by a significant increase in onion and potato prices. Onion prices rose by 56.99% and potato prices by 52.96% in March, leading to concerns about a shortage in onion supply until the next kharif crop. Wholesale food inflation also increased to 4.7%, with notable rises in food articles, electricity, crude petroleum, natural gas, machinery, and other manufacturing.
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