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ECONOMIC INDICATORS

India's wholesale inflation hits 8.3%, 3.5-year high

India's wholesale inflation accelerated to 8.3% in April, a 3.5-year high, fueled by energy price surge.

Aria Wright
ByAria Wright- Senior Editor
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India's wholesale inflation hits 8.3%, 3.5-year high
Photo: Prepared by Bond.az

India's wholesale price inflation unexpectedly rose to 8.3% in April, the highest in three-and-a-half years.

The surge was driven by rising energy costs amid the Middle East conflict.

March inflation was 3.88%. Economists had forecast 4.4%.

Fuel and power prices jumped 24.71%. Food inflation stood at 2.31%.

Manufactured product prices rose 4.62% year-on-year.

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India's wholesale inflation hits 8.3%, 3.5-year high | Bond.az