India's wholesale inflation at 9.68% in May under revamped series as Iran war-driven oil costs bite

Indias wholesale inflation stood at 9.68% in May under a new series, with food and fuel prices remaining high amid ongoing US-Iran conflict-driven pressures on crude oil and global supply chains. The government also introduced a producer price index and revised the WPI base year to 2022-23, expanding commodity coverage to 957 items.

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