Wholesale Inflation Surges to 13-Month High in April In India

  • Prices Up: India's wholesale inflation, measured by the Wholesale Price Index (WPI), jumped to a 13-month high of 1.3% in April 2024.
  • Key Drivers: Food articles, electricity, and crude & natural gas prices fueled the rise.
  • Comparison: This is significantly higher than the 0.5% recorded in March and a reversal from the deflationary trend seen in the previous year.
  • Expert View: Analysts predict inflation to climb further in the coming months.
  • Impact: Rising wholesale prices can indicate an increase in consumer prices (retail inflation) in the near future.

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