India Wholesale Prices Hit Three-Decade High on Costly Oil
- WPI prices for April rise more than 15%, fastest since 1991
- Economists expect accelerated rate increases to tame prices
This article is for subscribers only.
India’s wholesale inflation soared to the highest in more than three decades as Russia’s war in Ukraine and supply-chain disruptions pushed up input costs for producers.
Wholesale prices in April rose 15.08% from a year earlier, the highest since September 1991, data released by the Commerce Ministry showed Tuesday. That’s higher than the median estimate of a 14.92% gain in a Bloomberg survey of 14 economists.