Wholesale inflation hits 42-month high at 8.3% on crude surge

India's wholesale inflation jumped to a 42-month high of 8.3% in April, more than doubling from 3.88% in March. The rise was driven mainly by rising global crude oil prices, which increased fuel, transport, and manufacturing costs. It is the highest since late 2022, amid concerns that West Asia tensions could raise import costs pushing up consumer prices.