India’s wholesale inflation quickens to 3-1/2-year high of 8.3% as energy costs soar
NEW DELHI, May 14 (Reuters) – India’s 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’s impact on Asia’s third-largest economy. 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. While Prime Minister Narendra Modi has asked citizens to curtail imports and fuel usage, government and central bank officials