India’s wholesale inflation rising fast and furious

High gasoline and commodity costs have ramped up India’s wholesale value inflation to a four-month excessive, in keeping with recently-released authorities knowledge. Fast-rising inflation is crimping hopes for a post-pandemic financial bounce.

The wholesale value index inflation rose to 14.55% 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 final 12 months, hitting a excessive of 14.87% in November 2021.

Commerce and Industry Ministry knowledge reveals that crude oil costs had been the largest contributor to the rise within the wholesale value index inflation in March 2022.

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