The Hindu·3 min read·hard
Why inflation is rising in India
R
Rohit Azad & Indranil Chowdhury
✦AI Summary
This article examines the recent surge in India's Wholesale Price Index inflation, which has reached nearly 10%. It explores the economic theory of supply and demand as a potential driver for these rising costs.
I nflation, except during the COVID-19 pandemic, has remained relatively low in India for over a decade. But it is back with a bang. Wholesale Price Index (WPI) inflation is hovering close to 10% in June (Chart 1a) . After remaining low — negative, or close to 0 — until December last year, the climb started with a sharp jump since March this year.
economybusiness
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