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India’s Wholesale Prices Unexpectedly Rise to Three-Decade High

  • High commodity prices, supply crunch drive spike in prices
  • Rising price pressures may force RBI to reconsider stance
Nehru Place I.T Market as Inflation Likely to Rise
Photographer: Anindito Mukherjee/Bloomberg

India’s wholesale inflation quickened to the fastest pace in three decades on input costs fueled by high commodity prices and supply constraints.

Wholesale prices rose 14.2% in November from a year earlier, data released by the Commerce Ministry showed Tuesday. That’s faster than the median estimate of an about 12% gain in a Bloomberg survey of 19 economists, and is the highest level since December 1991 when the print came in at 14.3%.