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.
PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…
CJI BR Gavai during the academic forum at the School of Oriental and African Studies…
External Affairs Minister S Jaishankar on Saturday met UK Foreign Secretary David Lammy and appreciated…
Amit Shah lauded the success of recent anti-Naxal operations in Chhattisgarh and expressed his desire…
Defence Minister Rajnath Singh on Saturday reaffirmed India's firm zero tolerance policy towards terrorism and…
Finance Minister Nirmala Sitharaman on Saturday described the Kisan Credit Card (KCC) scheme as a…