India's WPI inflation reaches 42-month high of 8.3%
pre-market1 source ↓written by the desknot a recommendation
- in April
- 8.3%
- the highest
- 42 months
- in March
- 3.88%
- inflation soar
- 24.71%
- WPI month-on-month increase
- 3.86%
India’s wholesale price index (WPI) inflation surged to 8.3% in April, the highest in 42 months, up from 3.88% in March. This increase was driven by rising costs in mineral oils, crude petroleum, and basic metals. The fuel and power segment saw inflation soar to 24.71%, indicating significant input cost pressures for traders. 📈
• WPI month-on-month increase: 3.86%
• Inflation in primary articles: 9.17%
• Manufactured products inflation: 4.62%
This spike in inflation may influence monetary policy and market sentiment.
Not investment advice. For informational purposes only.