China's consumer prices rose 1% year-on-year in June, missing forecasts and slowing from May, while wholesale inflation accelerated to 4.1%, driven by energy costs and AI demand, indicating weak domestic demand.
India's wholesale inflation hit 9.7% in May, driven by fuel and manufacturing costs. However, falling global crude oil prices and a stable rupee may allow the RBI to postpone interest rate hikes, though weather-related food inflation risks are monitored.
Wholesale Price Index (WPI) inflation in India rose sharply to 9.68% in May from 8.26% in April, driven by escalating prices of fuel, power, manufactured goods, and food items. The surge reflects the economic impact of the West Asia conflict and disruptions in global shipping routes.
India's wholesale inflation hit 9.68% in May under a new series, driven by elevated food and fuel prices. Geopolitical tensions, particularly the US-Iran conflict, are pressuring crude oil and global supply chains. The government also launched a new producer price index and revised the WPI base year to 2022-23.
Bitcoin's price fell as the latest Producer Price Index (PPI) report showed a 1.1% monthly increase in May, reaching a 6.5% annual rate, exceeding economist expectations. The surge, driven by energy prices, particularly gasoline, raises concerns about persistent inflation and impacts liquidity expectations, negatively affecting Bitcoin's near-term price despite its long-term inflation hedge narrative.
Global analytics firm Crisil warns that India's sharp rise in wholesale inflation (WPI) to 8.3% in April 2026, driven by the Middle East conflict, is likely to soon impact consumer prices (CPI), despite current retail inflation remaining low at 3.5%.
Global analytics firm Crisil warns that a sharp rise in India's wholesale inflation (8.3% in April 2026) may soon impact consumer prices, despite current retail inflation remaining low (3.5%).
India's wholesale inflation jumped to 8.3% in April, driven by soaring fuel and crude oil prices due to the Middle East conflict, impacting mineral oils, natural gas, and manufactured goods.
China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy sources.
