India’s wholesale inflation spikes to 9.9% in June, driven by food and mineral oil price surge
Wholesale Price Index rose to a 9.9% annual rate in June, up from 9.7% in May, as higher food, mineral oils and basic metal prices pushed the headline. Economists see the surge as near‑peak, but warn that West Asia tensions and a weak monsoon could keep inflation in the 9‑10% band for weeks.