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India’s WPI inflation accelerates to 3.36% in June

15 Jul 2024 Evaluate

Inflation based on wholesale price index (WPI) surged in the month of June 2024 to 3.36% from 2.61% in May 2024, due to increase in prices of food articles, minerals, chemicals & chemical products, textiles, rubber & plastics products,  motor vehicles, trailers & semi-trailers etc.

The Component wise, primary articles index, having weight of 22.62%, rose 2.08% to 191.6 (provisional) in June 2024 from 187.7 (provisional) for the month of May 2024, on the back of surge in prices of food articles and minerals. However, prices of non-food articles and crude petroleum & natural gas declined in June 2024 as compared to May 2024. 

Fuel & Power index, having weight of 13.15%, declined by 1.93% to 147.7 (provisional) in June 2024 from 150.6 (provisional) for the month of May 2024, due to fall in prices of electricity and mineral oils.

Further, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased 0.14% to 141.9 (provisional) in June, 2024 from 141.7 (provisional) for the month of May 2024. Meanwhile, for the month of April 2024 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 152.9 and 1.19% respectively.


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