WPI inflation rises to 11-year high in April2 min read . Updated: 18 May 2021, 12:49 AM IST
- Prices of many commodities have surged amid global optimism about the covid vaccine rollout and a sharp economic revival in key commodity consumer countries such as the US and China
Wholesale inflation galloped to double digits in April, the fastest in 11 years, because of higher oil and commodity prices and a low base effect, leaving the central bank with little leeway to cut interest rates to spur faltering growth.
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