India wholesale prices rise 9.92% in August
India wholesale prices rose 9.92% year-on-year in August, surpassing economists projections. The increase was driven by faster rises in oil, food, and manufactured product prices.
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India wholesale prices rose 9.92% year-on-year in August, driven by faster gains in oil and food costs, government data showed on Monday morning. The print exceeded the 9.78% increase recorded a month prior and surpassed economists' average projection of 9.89%. The persistent upward trajectory puts renewed pressure on domestic consumer purchasing power as energy markets fluctuate.
