US-Iran war hits home: WPI inflation rises to 9.87%; food prices see spike

Jul 14, 2026 - 16:00
US-Iran war hits home: WPI inflation rises to 9.87%; food prices see spike

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It reflects the impact of the West Asia conflict and the effective blockade of the Strait of Hormuz, a key route through which most of India's crude oil imports arrive, along with the resulting spillover into food prices.

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