Summary: In June 2024, India's Wholesale Price Index (WPI) annual inflation rate increased to 3.36% (Provisional), up from June 2023. This growth was driven by food articles, food product manufacturing, crude petroleum, natural gas, mineral oils, and other manufacturing segments. Month on month (MoM), WPI grew by 0.39% in June 2024, indicating ongoing variations in wholesale market pricing. 

Primary Articles had the highest inflation rate at 8.80%, driven by food and minerals. Inflation in fuel and power decreased by 1.03%, while manufactured goods saw a 1.43% increase. Prices rose in food, chemicals, textiles, and motor vehicles, but declined in basic metals and pharmaceuticals. These findings are crucial for economic research and policymaking, identifying sectors influencing inflation and economic trends.

Source: IBEF 

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