Wholesale inflation declines marginally to 15.18% for June

The annual rate of inflation based on the all-India Wholesale Price Index (WPI) is 15.18 per cent for the month of June, in a marginal drop from May when the figure stood at 15.88 per cent. The latest figure has bucked the three-month rising trend but remained in double-digit for the 15th straight month. Figures have been in double digits since April last year.

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Key points:

• The high rate of inflation in June is primarily due to the rise in prices of mineral oils, food articles, crude petroleum and natural gas, basic metals, chemicals and chemical products, food products etc. as compared to the corresponding month of the previous year.
• In the “Fuel and Power” category, the index increased by 0.65 per cent to 155.4 in June from 154.4 per cent for the month of May 2022. “Prices of Mineral Oils (0.98%) increased in June 2022 as compared to May,”.
• The Food Index consisting of ‘Food Articles’ from the Primary Articles group and ‘Food Product’ from the Manufactured Products group have increased from 176.1 in May 2022 to 178.4 in June. The rate of inflation based on the WPI Food Index increased from 10.89 per cent in May to 12.41 per cent in June.