Business

India’s WPI Inflation At 16-Month High, Surges To 3.36% In June

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.

Richa Kaushik

Recent Posts

PM Modi: Before 2014, TN Was Starved Of Funds By INDI Alliance

PM Modi inaugurated the New Pamban Bridge in Rameswaram, highlighting ₹8,300 crore infrastructure projects in…

1 hour ago

PM Modi Engages With Sri Lanka’s Cricket Icons; Strengthens Cultural Ties In Colombo

During his visit to Colombo, Prime Minister Narendra Modi met with legendary members of Sri…

3 hours ago

‘Show Pride In Tamil’: PM Modi’s Subtle Dig At MK Stalin During Rameswaram Speech

PM Modi, while addressing a public gathering in Rameswaram, Tamil Nadu, called on state leaders…

3 hours ago

Full-Body Scanner Trials To Begin At Delhi Airport In May; Aiming To Enhance Security & Speed

Starting May, Delhi’s IGI Airport will trial full-body scanners at Terminals 1 & 3, aiming…

4 hours ago

PM Modi Dismisses Allegations On Central Govt; Defends Fund Allocation To Tamil Nadu

PM Narendra Modi inaugurated the New Pamban Bridge on Sunday and firmly countered allegations that…

4 hours ago

PM Modi Highlights Spiritual Connection With Ram Setu And Surya Tilak

Prime Minister Narendra Modi, upon returning to India after his state visit to Sri Lanka,…

5 hours ago