India wholesale inflation jumps to 8.3 percent in April as fuel shock bites

It’s the highest pace seen in this series

India’s wholesale inflation surged to 8.3% in April, the highest in the current data series. Fuel and crude oil prices led the jump, pushing up costs across mineral oils, natural gas, and manufactured goods. As global commodity and energy prices feed into domestic supply chains, producer costs are rising quickly—setting pressure for downstream prices.