India’s wholesale inflation rising fast and furious

High gas and commodity costs have ramped up India’s wholesale payment inflation to a four-month prime, in step with recently-released executive knowledge. Fast-rising inflation is crimping hopes for a post-pandemic financial leap.

The wholesale payment index inflation rose to fourteen.55% in March, up from 13.11% in February, because the Russia-Ukraine battle disrupts world provide chains. India’s wholesale price-based inflation has remained in double-digit territory for the remaining one year, hitting a prime of 14.87% in November 2021.

Commerce and Industry Ministry knowledge displays that crude oil costs had been the most important contributor to the upward thrust within the wholesale payment index inflation in March 2022.

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