WPI inflation rises to 9.87% in June, driven by food and non-food prices
Wholesale Price Index (WPI) inflation increased to 9.87% in June, up from 9.68% in May. This rise was primarily driven by a sharp spike in prices of food articles and non-food articles. Food inflation alone rose to 5.49% in June, attributed to a rainfall deficit due to the El Niño impact. Other major contributors to the WPI inflation included mineral oils, manufactured basic metals, and chemicals and chemical products. The WPI data is based on the 2022-23 base year.
Key Points
- Wholesale Price Index (WPI) inflation rose to 9.87% in June from 9.68% in May.
- The increase was primarily due to higher prices of food articles and non-food articles.
- Food inflation rose significantly to 5.49% in June, partly due to the El Niño impact causing rainfall deficit.
- Mineral Oils, Manufacture of Basic Metals, and Manufacture of Chemicals and Chemical Products were major drivers of the WPI inflation.
- The WPI inflation data is based on the 2022-23 base year.
Exam Facts
- WPI inflation for June was 9.87%.
- WPI inflation for May was 9.68%.
- Food inflation rose to 5.49% in June.
- The WPI data is based on the 2022-23 base year.
- El Niño impact was cited for the rise in food prices.
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