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India's wholesale price index (WPI) reached a 13-month high in April, driven by rising costs of food, vegetables, and fuel. Global instability and tensions in the Middle East have disrupted maritime transport and increased crude oil prices, impacting India's import costs. Economists suggest that sustained high wholesale inflation could lead to a rise in retail inflation, making daily essentials more expensive for the public. Consequently, the RBI is unlikely to reduce interest rates anytime soon. https://odishasambad.in/expensive-crisis-during-the-war-increase-in-the-prices-of-food-and-fuel/ #creator program
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