India

India wholesale price inflation rate fell to 1.34% in March, the lowest since October 2020, due to slowing fuel, manufacturing, and metals prices, while primary article prices eased, despite a quicker rise in food costs. Separately, Indonesia trade surplus narrowed to USD 2.91 bln in March, the smallest since May, as exports fell more than imports, with shipments decreasing by 11.3% YoY, while imports dropped by 6.2% YoY.