India’s wholesale inflation hits 11-mth high

India's wholesale price index-based inflation rose to an 11-month high of 2.13% in February, driven by manufactured goods, primary commodities, and food articles, amid heightened global commodity volatility linked to the Iran war. Shipping disruptions near the Strait of Hormuz are adding supply bottleneck risks for global crude oil, affecting energy and commodity markets. Fuel and power prices remained in deflationary territory despite a modest monthly rebound.