India | WPI inflation rises on higher food prices, while core holds steady

Summary

India’s wholesale price inflation edged up by more than expected in April, to 7.2% y/y (BBVA: 7.0%, Consensus: 6.7%) from 6.9% in the previous month driven by higher food prices. Reassuringly, core inflation remained subdued at 4.8% y/y (4.6% in March) as demand pressures eased.

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