India's CPI soared on exorbitant fuel prices

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Source: BBC
The CPI of India surged more than initially estimated, growing on the high energy prices.  The wholesale price index, major gauge of the CPI in India, soared to 6.95% in February on a yearly basis. Fuel prices faced a jump worldwide on lingering supply concerns amid geopolitical tensions in the Middle-East. Analysts expect that in case the fuel prices grow further the central bank of India will keep its interest rates further.


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