Mumbai, July 17 -- The week gone by delivered a pair of pivotal inflation prints that would set the macro tone for the week ahead. India's CPI surged to 4.38% in June, which is the highest reading since December 2024 and above the widely reported estimate of 4.30%.

The food inflation accelerated sharply to 5.32% during the period under review. Transport inflation also rebounded to 4.31%, signalling that the Middle East energy shock is now feeding through with a lag into consumer prices.

At the wholesale level, the WPI hit a fresh all-time high of 9.87% in June under the new series, driven by food articles, mineral oils, and basic metals, even as fuel and power inflation moderated slightly to 27.41% from 30.33%.

On the energy front, Tru...