{"id":1129,"date":"2026-05-14T09:50:07","date_gmt":"2026-05-14T09:50:07","guid":{"rendered":"https:\/\/dailypakistannews.com\/?p=1129"},"modified":"2026-05-14T09:50:07","modified_gmt":"2026-05-14T09:50:07","slug":"indias-wholesale-inflation-quickens-to-3-1-2-year-high-of-8-3-as-energy-costs-soar","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=1129","title":{"rendered":"India&#8217;s wholesale inflation quickens to 3-1\/2-year high of 8.3% as energy costs soar"},"content":{"rendered":"<p><strong>NEW DELHI: India\u2019s wholesale price inflation rose unexpectedly to 8.3% in April, the fastest pace in three-and-a-half years, government data showed on Thursday, in the first signs of the Middle East conflict\u2019s impact on Asia\u2019s third-largest economy.<\/strong><\/p>\n<p>The print, driven by the energy shock due to the weeks-long Iran war, could mount pressure on New Delhi to raise retail fuel prices that have been kept unchanged despite the global crude and gas surge since the war started.<\/p>\n<p>While Prime Minister Narendra Modi has asked citizens to curtail imports and fuel usage, government and central bank officials have hinted that a fuel price rise may be inevitable if crude remains elevated.<\/p>\n<p>Higher gasoline and diesel costs typically push up prices across the economy.<\/p>\n<p>April\u2019s wholesale inflation print was sharply higher than the 3.88% rise in March and economists\u2019 projection of 4.4%, according to a <em>Reuters<\/em> poll.<\/p>\n<p><a href=\"https:\/\/www.brecorder.com\/news\/40420974\/india-central-bank-governor-says-may-need-to-act-if-inflation-pressures-deepen\"><strong>India central bank governor says may need to act if inflation pressures deepen<\/strong><\/a><\/p>\n<p>While wholesale inflation is not a target for the central bank, these prices would get transmitted to retail inflation components with a lag, Madan Sabnavis, chief economist at Bank of Baroda, said.<\/p>\n<p>\u201cTherefore, these numbers remain important for policy formulation,\u201d Sabnavis added.<\/p>\n<p>The Reserve Bank of India had kept interest rates steady last month, \u200bbut economists say a sustained rise in fuel and food costs could tilt the scales towards rate hikes later in the year.<\/p>\n<p>India\u2019s retail inflation rose by 3.48% in April. The central bank targets retail inflation at 4%, within a tolerance band of 2% to 6%.<\/p>\n<p>Wholesale fuel and power prices jumped 24.71% year-on-year in April, against a rise of 1.05% in March, data showed.<\/p>\n<p>Petroleum and natural gas prices rose 67.2% in April.<\/p>\n<p>Wholesale food prices rose 2.31% year-on-year after advancing 1.85% in March, while prices of manufactured products advanced 4.62% against a 3.39% rise in the previous month.<\/p>\n<p>Wholesale oilseeds prices rose 12.2%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India\u2019s wholesale price inflation rose unexpectedly to 8.3% in April, the fastest pace in three-and-a-half years, government data showed on Thursday, in the first signs of the Middle East conflict\u2019s impact on Asia\u2019s third-largest economy. The print, driven by the energy shock due to the weeks-long Iran war, could mount pressure on New [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan-news"],"_links":{"self":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/1129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1129"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/1129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/media\/1130"}],"wp:attachment":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}