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Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 percent on account of the rise in prices of food articles, especially vegetables and manufactured items. The wholesale price index (WPI) based inflation was 2.61 percent in May. It was (-) 4.18 percent in June 2023.
“Positive rate of inflation in June 2024 is primarily due to increasing in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing, etc,” the Ministry of Commerce & Industry said in a statement on Monday.
As per the data, inflation in food articles rose 10.87 percent in June, as against 9.82 percent in May. Inflation in vegetables was 38.76 percent during June, up from 32.42 percent in May. Onion inflation was at 93.35 percent, while potato was 66.37 percent in the month under review. Pulses inflation rose 21.64 percent in June.
The rise in June WPI was in line with the retail inflation data for the month. Retail inflation rose to a four-month high of 5.1 percent in June, data released last week showed.
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