The Wholesale Price Index (WPI) in India for June 2024, based on the 2011-12 base year
In June 2024, India’s Wholesale Price Index (WPI) showed a provisional annual inflation rate of 3.36% compared to June 2023, driven by increased prices in food articles, manufactured food products, crude petroleum & natural gas, mineral oils, and other manufacturing sectors. The overall WPI for all commodities rose to 153.9 (base year 2011-12=100), marking a month-on-month increase of 0.39% from May 2024.
Primary articles saw a significant rise, with the index climbing to 191.6 due to higher prices in food articles and minerals. Meanwhile, the fuel & power group declined by 1.93%, mainly due to lower prices in electricity and mineral oils. Manufactured products also saw a slight increase to 141.9, driven by rises in food products, chemicals, textiles, rubber & plastics products, and motor vehicles. The food index registered an annual inflation rate of 8.68%, up from 7.40% in May 2024, reflecting higher prices in various food categories.
Positive Inflation Drivers: Increases in prices of food articles, manufactured food products, crude petroleum & natural gas, and other manufacturing sectors.
Response Rate: The WPI for June 2024 was compiled with a weighted response rate of 87.8%, while the final figure for April 2024 had a response rate of 95.8%.
The WPI for July 2024 will be released on August 14, 2024.
India has many cities that are famous for their unique industries, and some of them…
Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…
In today’s world, news media plays a very important role in sharing information quickly and…
PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…
In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…
India’s retail inflation, measured by the Consumer Price Index (CPI), increased modestly to 0.71% in…