India's wholesale price inflation unexpectedly rose to 8.3% year-on-year in April, the fastest in 3.5 years, driven by surging energy costs due to the Middle East conflict.
The reading sharply exceeded March's 3.88% rise and economists' projection of 4.4%.
Fuel and power prices jumped 24.71% year-on-year in April, compared to 1.05% in March.
Wholesale food prices rose 2.31% year-on-year, vegetable prices increased 0.53%, and manufactured products rose 4.62%.
