Wholesale Inflation Soars as Economists Call End to India Easing
- WPI rises 5.25% in January versus 4.35% survey estimate
- While CPI eased, data on Monday showed faster core inflation
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India’s wholesale inflation surged more than estimated to the highest since July 2014, supporting the central bank’s shift to a "neutral" monetary stance.
Wholesale prices rose 5.25 percent in January from a year earlier, the Commerce Ministry said in a statement on Tuesday. That’s faster than the 4.35 percent median estimate in a Bloomberg survey of 25 economists.