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.

Overall WPI and Inflation

  • WPI for June 2024: 153.9
  • Annual inflation rate: 3.36% (June 2024 over June 2023)
  • Month-over-month change: 0.39% (June 2024 over May 2024)

Breakdown by Major Groups

Primary Articles (Weight: 22.62%)

  • Index: 191.6
  • Annual Inflation: 8.80%
  • Month-over-month change: 2.08%
  • Significant increases in food articles (2.96%) and minerals (1.47%).
  • Decline in non-food articles (-0.32%) and crude petroleum & natural gas (-0.57%).

Fuel & Power (Weight: 13.15%)

  • Index: 147.7
  • Annual Inflation: 1.03%
  • Month-over-month change: -1.93%
  • Declines in electricity (-1.67%) and mineral oils (-2.38%).

Manufactured Products (Weight: 64.23%)

  • Index: 141.9
  • Annual Inflation: 1.43%
  • Month-over-month change: 0.14%
  • Price increases in food products, chemicals, textiles, and motor vehicles.
  • Price decreases in basic metals, fabricated metal products, and pharmaceuticals.

Food Index (Weight: 24.38%)

  • Index: 190.3
  • Annual Inflation: 8.68%
  • Month-over-month change: 2.48%

Detailed Commodity Analysis

  • Cereals: Index at 201.6, with an annual inflation of 9.27%.
  • Pulses: Index at 229.3, with an annual inflation of 21.64%.
  • Vegetables: Index at 282.8, with an annual inflation of 38.76%.
  • Fruits: Index at 200.9, with an annual inflation of 10.14%.
  • Milk: Index at 184.3, with an annual inflation of 3.37%.
  • Eggs, Meat & Fish: Index at 174.5, with an annual inflation of -3.06%.
  • Crude Petroleum: Index at 133.2, with an annual inflation of 14.04%.

Fuel & Power Components

  • LPG: Index at 115.7, with an annual inflation of 1.49%.
  • Petrol: Index at 153.8, with an annual inflation of -1.35%.
  • HSD: Index at 166.0, with an annual inflation of -1.78%.

Manufactured Products

  • Food Products: Index at 165.6, with an annual inflation of 4.28%.
  • Chemicals and Chemical Products: Index at 136.4, with an annual inflation of -1.09%.
  • Basic Metals: Index at 143.1, with an annual inflation of 1.06%.

Notable Points

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%.

Next Release

The WPI for July 2024 will be released on August 14, 2024.

Piyush Shukla

Recent Posts

Today Top 10 Current Affairs 17th November 2024 Questions and Answers

The Daily Current Affairs Quiz which keeps you updated with the current events happening all…

18 hours ago

Top-10 Cities of Asia with the Worst Traffic in 2024

Traffic congestion is a serious problem in many Asian cities, affecting millions of people every…

1 day ago

Which District of Uttar Pradesh is Known as City of God?

Uttar Pradesh is a state rich in culture, history, and religious significance. Among its many…

1 day ago

Do You Know Which Country is Known as the Land of Golden Pagodas?

Many countries around the world have unique nicknames that reflect their culture, history, or geography.…

1 day ago

World Day of Remembrance for Road Traffic Victims 17 November 2024

The World Day of Remembrance for Road Traffic Victims (WDR) is observed on the third…

1 day ago

External Affairs Minister Inaugurates Symbiosis Dubai Campus

On the occasion of the inauguration of Symbiosis International University’s first international campus at Dubai…

2 days ago