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🌏 India's WPI beats at 9.68%, but the benchmark series only launched today
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🌏 India's WPI beats at 9.68%, but the benchmark series only launched today

Macro Soup Newsroom Macro Soup Newsroom 3 min read

India's Wholesale Price Index rose 9.68% year-on-year in May, beating the 9.10% consensus on an inaugural new-methodology print with no backward-comparable history. A petrol and diesel price hike is set to compress the Reserve Bank of India's room to cut rates further.

Tweet screenshot with Hindi text labels and red percentages 4.49%, 4.99%, 7.48%, 30.33% above a black-and-white photo of Narendra Modi.
India's May WPI rose 9.68% year-on-year, driven largely by fuel and power inflation at 30.33% amid global energy price shocks. Source

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