Conversely, on a monthly basis, the CPI experienced a decrease of 1 per cent in March. The core CPI, which excludes the volatile categories of food and energy, saw an increase of 0.6 per cent year-on-year (YoY).
In terms of wholesale prices, the producer price index (PPI), a key measure of inflation at the factory level, recorded a decline of 2.8 per cent YoY in March, as per NBS.
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