Wholesale inflation in India reached a 16-month high of 3.36% in June, driven by rising prices of food articles, especially vegetables, and manufactured items. This marks the fourth consecutive month of increasing inflation, up from 2.61% in May.
The wholesale price index (WPI) based inflation was 1.26 per cent in the previous month. It was (-) 3.61 per cent in May 2023.
Wholesale inflation: In April, India witnessed a further rise in wholesale inflation, primarily driven by increases in food and energy prices.
The wholesale price index (WPI) based inflation rate has been in the negative since April and was (-)4.12 per cent in June. In July last year it was 14.07 per cent.
The decline in WPI is due to a fall in prices of mineral oils, food products, basic metals, crude petroleum & natural gas and textiles.
Wholesale Price Index inflation: After remaining in double digits for 19 months, the wholesale price index (WPI) based inflation declined to 8.39 per cent in October. The inflation was 14.87 per cent in November 2021.
Business news: Inflation in food articles in September eased to 11.03 per cent, against 12.37 per cent in August.
Business news: The Wholesale Price Index-based inflation was 13.93 per cent in July and 11.64 per cent in August, 2021.
India's annual inflation rate based on wholesale prices declined to 2.26 per cent in February from a rise of 3.10 per cent in January, official data showed on Monday.
The Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend as inflation had risen to 5.27 per cent during the corresponding period of 2018.
On a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend as inflation had risen to 5.68 per cent during the corresponding period of 2018.
The data shows a 34 percentage point increase as compared to 3.59% WPI inflation for October and 1.82% during the corresponding month of the previous year.
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