India April Wholesale Price Inflation Rises to 8.3%
India's wholesale price inflation rose to 8.3% in April, the highest in over three years. The increase was driven by a sharp rise in energy and fuel costs.
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India reported wholesale inflation rose to 8.3% in April, the highest level in three and a half years. The figure exceeded the 4.4% projection by Reuters economists and the 3.88% reading recorded in March. Surging energy costs linked to Middle East instability are pressuring industrial margins and complicating the central bank's rate outlook.
