Rising Food Costs Push India’s Wholesale Inflation to 4.7% in October

India’s wholesale price index climbed to 4.7% year-over-year in October, up from 3.8% a month earlier, driven largely by surging vegetable and cereal prices. Economists attributed the increase to delayed monsoon patterns and higher logistics costs. The inflation jump may pressure the Reserve Bank of India to maintain a tight monetary stance during the next policy review. Manufacturing-sector input prices also edged higher, though fuel inflation remained subdued. Market participants said sustained food inflation could affect consumer sentiment and discretionary spending through the festive season.