India's wholesale price inflation accelerated sharply in April due to higher costs for crude oil caused by the impact of the Middle East war, data from the Ministry of Commerce and Industry showed on Thursday.
The wholesale price index climbed 8.30 percent year-over-year in April, much faster than the 3.88 percent rise in March. Moreover, this was the highest inflation rate since October 2022.
The upward trend in April was attributed to a spike in prices of mineral oils, crude petroleum and natural gas, basic metals, and other manufacturing and non-food articles, the ministry said.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.