India's wholesale inflation surged for the eighth consecutive month to 9.7% in May from 8.3% in April, driven by high prices of crude oil and manufactured products.

How this affects you

This continuous rise in wholesale inflation, nearing double digits, highlights persistent cost pressures across India's economy, potentially increasing burden on consumers and businesses through higher production costs. The introduction of the new Producer Price Index offers a more comprehensive view of price changes, indicating ongoing inflationary trends in key sectors like mining and manufacturing that could influence future economic policy.