Wholesale Inflation In Country Rises For Fourth Consecutive Month In June At 3.36 %

Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 per cent because of the rise in prices of food articles, especially vegetables and manufactured items. The wholesale price index (WPI) based inflation was 2.61 per cent in May. It was (-) 4.18 per cent in June 2023. As per the data, inflation in food articles rose 10.87 per cent in June, as against 9.82 per cent in May.

Inflation in vegetables was 38.76 per cent during June, up from 32.42 per cent in May. Onion inflation was 93.35 per cent, while potato was 66.37 per cent in the month under review. Pulses inflation rose 21.64 per cent in June. In the fuel and power basket, inflation stood at 1.03 per cent, marginally lower than 1.35 per cent in May.

In manufactured products, inflation was at 1.43 per cent in June, higher than 0.78 per cent in May. The rise in June WPI was in line with the retail inflation data for the month. Data released last week showed that retail inflation rose to a four-month high of 5.1 per cent in June.