India wholesale inflation hits 11.4%
India annual wholesale inflation accelerated faster than expected to 11.4 percent in September due to surging oil prices. Energy disruptions and a deficient monsoon continue to drive broad price pressures across the country.
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India's annual wholesale inflation accelerated to 11.39% in September, exceeding expectations as energy disruptions from the conflict in Iran drove up oil costs. The reading surpassed the 9.92% rise recorded in August and economists' average projection of 10.18%. Higher wholesale pressures threaten to further strain consumer prices as central bankers tighten monetary policy.
