Indian WPI Food Index YoY (Apr) Y/Y 1.98% (Prev. 1.85%)

The Indian WPI Food Index year-over-year figure for April came in at 1.98%, exceeding the previous month's 1.85%.

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Iranian Foreign Minister Araghchi says "In our view, the Strait of Hormuz is open to all commercial ships, but they must cooperate with our naval forces"; adds "hope this situation will end with the lifting of this illegal blockade imposed by America"

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Indian WPI Food Index YoY (Apr) Y/Y 1.98% (Prev. 1.85%)

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This uptick could signal slight inflationary pressures in food prices, potentially influencing future monetary policy decisions, especially if the trend continues within a broader context of economic growth considerations.

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