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.
For Maha Kumbh 2025, preparations are in full swing as authorities work to ensure all…
Prime Minister Narendra Modi wrapped up his two-day visit to Kuwait on Sunday evening. In…
Maha Kumbh 2025 with preparations for the Maha Sammelan are in full swing as 13…
The MRM strongly endorsed Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat’s statement on temple-mosque disputes.…
For Maha Kumbh-2025, the Prayagraj Mela Authority has made extensive preparations to provide a clean…
Prime Minister Narendra Modi is all set to attend the Christmas celebrations at CBCI Centre…