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• cost pressures cost push inflation Economy inflation inflation causes nationwide inflation price rise rising prices Supply Chain supply shocks
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Rising Inflation Driven by Supply Shocks

Rising Inflation Reflects Supply Shocks And Cost Pressures Nationwide Why in the News ? India has witnessed a sharp rise in Wholesale Price Index (WPI) inflation, driven mainly by higher crude oil prices influenced by strategic competition between major economies including US and China, and food supply disruptions caused by weak monsoon conditions. The trend …