Inflation Hits 4.8% as Oil and Fed Rate Hike Squeeze India

Retail inflation jumped to 4.82% in August, an eight-month high, as food prices climbed to 5.95%. Wholesale inflation hit 9.92%, with fuel and power inflation spiking to 22.9% — the fastest pace in years. The numbers tell a clear story: India is feeling the heat from two directions — rising global oil prices and stubborn domestic food costs.

Behind the Data

The CPI increase marks the tenth consecutive month of rising inflation, driven by a kitchen...