Oct wholesale inflation at 7% rate hike worries loom again

If you have been putting off a planned purchase of a house or a car waiting for interest rates to fall further, think again as rising prices will limit the room for more rate cuts. India’s wholesale inflation rate galloped towards a worrisome 7.23% in April from 6.89% in March amid fears that rain-induced supply constraints and a possible increase in fuel prices will further knock up prices of food and other items.

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