India's wholesale price inflation accelerated to 8.30% in April from 3.88% in March, exceeding the estimate of 5.50%. The latest print marked the highest level in 42 months.
The rise was driven by higher inflation across fuel and power, primary articles and manufactured products, indicating broad-based price pressures in the economy.
Food inflation rose to 2.31% in April from 1.85% in the previous month. Inflation in manufactured products increased to 4.62% from 3.39%, according to the data released on Thursday. Core wholesale inflation, which excludes food and fuel, climbed to 5%, the highest level in 43 months.
Primary articles inflation rose to 9.17% in April, while fuel and power inflation increased to 24.71%.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.