India wholesale inflation at 9-month high of 1.81% in January; up from 0.83% in December

In January, India witnessed a surge in wholesale price inflation, hitting a nine-month high of 1.81%. This uptrend can be attributed to escalating costs across basic metals, manufactured goods, and agricultural sectors, with food inflation also on the rise. Concurrently, retail inflation edged up to 2.75%, driven by the rising costs of food and precious metals.