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Food, energy push India's wholesale inflation to 3.36% in June
July 16, 2024
|The Business Guardian
India’s Wholesale Price Index (WPI) saw a notable rise in June 2024, climbing to 3.36% from 2.61% in May, as reported by the Commerce Ministry on Monday.
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This increase is primarily attributed to higher prices in key sectors such as food articles, food product manufacturing, crude petroleum and natural gas, mineral oils, and other manufacturing sectors.
Key Index Changes
The detailed index numbers for ‘All Commodities’ and the major components of the WPI for the last three months show a consistent upward trend. The WPI for all commodities (weight 100%) rose from 152.9 in April (1.19% inflation) to 153.3 in May (2.61% inflation) and further to 153.9 in June (3.36% inflation).
For primary articles, which hold a weight of 22.62%, the index increased from 187.1 in April (5.23% inflation) to 187.7 in May (7.20% inflation) and to 191.6 in June (8.80% inflation).
The fuel and power index, comprising 13.15% of the total, showed a mixed trend. It decreased from 151.4 in April (-0.85% inflation) to 150.6 in May (1.35% inflation) and further to 147.7 in June (1.03% inflation).
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