India’s wholesale price inflation (WPI) rose to 3.36% in June 2024 from the same month last year, according to data released by the Commerce Ministry. On a monthly basis, WPI increased by 0.39% in June compared to May.
Also Read: SBI Increases MCLR, Impacting Loan Rates Effective 15 July
The surge in inflation is mainly attributed to a 10.87% increase in food prices, driven by a 38.76% rise in vegetable prices and a 21.64% increase in pulse prices, due to the heat wave affecting crops. However, a decline in petrol and diesel prices limited the inflation in the fuel and power segment to 1.03%. Manufactured products also saw a 1.43% price increase during the month.
The food segment has a significant weight of 24.4% in the overall WPI index, contributing to the overall inflation rate.
Redmi to launch K90 Pro Max 5G in China on October 23 with Bose audio…
At Delhi’s Nizamuddin Dargah, the Muslim Rashtriya Manch’s ‘Jashn-e-Chiragh’ marked Dhanteras with prayers for peace…
PIB issues a warning over fraudulent SMS asking users to update delivery addresses within 12…
Dr Manan Vora highlights eight common daily habits, from late-night meals to prolonged sitting, that…
Gastroenterologist Dr Shubham Vatsya warns that overindulging in sweets can accelerate ageing and health risks,…
Zoravar Singh Sandhu wins trap bronze at ISSF 2025, earning Doha World Cup Final spot;…