India's wholesale inflation surged to 8.3% in April — the highest since October 2022 — as fuel and power costs jumped nearly 25% year-on-year.

Disruptions from the Middle East conflict pose a risk to India's economic growth and inflation.

International Business News: US inflation rose in April to 3.8 per cent as surging fuel costs amid the ongoing Iran-US conflict drove up consumer prices, hitting a three-year high.