India’s wholesale inflation quickened to the fastest pace in three decades on input costs fueled by high commodity prices and supply constraints. Wholesale prices rose 14.2% in November from a year earlier, data released by the Commerce Ministry showed Tuesday. That’s faster than the median estimate of an about 12% gain in a Bloomberg survey of 19 economists, and is the highest level since December 1991 when the print came in at 14.3%. Factory-gate inflation has stayed in double digits this financial year that began in April as companies pay more for raw materials amid a rally in global commodity prices and a supply crunch . The spike “has come as a shock,” said Aditi Nayar, chief economist at ICRA Ltd., the Indian unit of Moody’s Investors Service. Most non-core categories displayed “an inflation rate that was much steeper than expected,” she said. Digging Deeper Prices […]