India Wholesale Inflation Jumps to 8.3% in April
Wholesale price inflation in India rose sharply to 8.3% in April, according to data released by the country’s Ministry of Commerce and Industry.
The report shows that inflation stood at 3.88% in March, meaning the increase in April marks a significant jump within a single month — the highest surge in over three and a half years.
Officials attributed the rise mainly to geopolitical tensions in the Middle East and increased energy costs, which have pushed up prices of fuel and manufacturing inputs across the economy.
Inflation, which was only 0.85% in April last year, has risen sharply due to higher prices of crude oil, petroleum products, natural gas, and base metals.
Key Highlights:
- Fuel and electricity inflation surged to 24.71%, the highest in 42 months
- Food inflation rose slightly to 1.98%
- Non-food inflation increased to 12.18%
- Manufactured goods inflation stood at 4.62%
Economists also warn that overall inflation could reach around 9% in May if the current trend continues.
