Index numbers of wholesale price in India for the month of June 2024 (Base Year: 2011-12)

In June 2024, India’s Wholesale Price Index (WPI) recorded an annual inflation rate of 3.36% (Provisional), marking an increase compared to June 2023. Higher prices in food articles, manufacture of food products, crude petroleum and natural gas, mineral oils, and other manufacturing segments primarily drove this upward trend. The MoM change in WPI for June 2024 stood at 0.39%, reflecting ongoing price fluctuations in the wholesale market.

Primary Articles saw the highest inflation rate of 8.80% among the major groups, influenced by significant price hikes in food articles and minerals. Fuel and power experienced a more subdued inflation rate of 1.03%, while Manufactured Products recorded an inflation rate of 1.43%. Within Manufactured Products, sectors such as food products, chemicals, textiles, and motor vehicles reported price increases, whereas basic metals and pharmaceuticals observed price declines. These insights into WPI dynamics provide critical data for economic analysis and policymaking, highlighting sectors driving inflationary pressures and the broader economic outlook.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.