India’s wholesale price inflation accelerated to a 42-month high of 8.3 per cent, driven by a sharp rise in energy prices following disruptions caused by the ongoing West Asia conflict.

The wholesale price index (WPI) inflation had stood at 3.88 per cent in March, while it was 0.85 per cent in April last year, indicating a steep increase in price pressures.

According to Barclays, the month-on-month rise in WPI inflation was the highest ever recorded in the current data series.