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🌏 India WPI at 8.30% is a 42-month high, and Hormuz has turned a Gulf supply shock into a central bank problem across EM

🌏 India WPI at 8.30% is a 42-month high, and Hormuz has turned a Gulf supply shock into a central bank problem across EM

India's WPI hit 8.30% in April 2026, a 42-month high, with crude petroleum up 67.18% year-on-year on Hormuz disruption. The RBI faces a policy trap: WPI-to-CPI pass-through could breach the 5% tolerance band by Q3 2026.

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