India’s Wholesale Inflation Hits 3.5-Year High Amid Global Energy Volatility
India’s wholesale price index (WPI) surged to an 8.3% annual rate in April, marking a 3.5-year high driven primarily by a 25% spike in fuel and crude oil costs. This sharp inflationary pressure, triggered by escalating tensions in West Asia and global supply chain disruptions, signals a significant shift in the nation’s macroeconomic landscape. Economists…