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WPI Inflation India, June 2022: India’s wholesale inflation eases to 15.18% in June, govt data shows

India's WPI Inflation June 2022: The wholesale price index (WPI) had spiked to 15.88 per cent in May and it rose to 15.38 per cent in April, the data from the Ministry of Commerce & Industry showed.

India WPI Inflation | India Wholesale Price Index | WPI Inflation RateIndia Wholesale Price Index (WPI) - June 2022 Data: Workers load lemons, packed in plastic bags, in a truck despite the government's ban on the manufacture, sale and use of single-use plastics, at a wholesale vegetable market, in Jalandhar, Friday, July 8, 2022. (PTI Photo)

WPI Inflation Rate in India (June 2022): India’s wholesale inflation eased to 15.18 per cent in June, data released by the Ministry of Commerce & Industry showed.

The wholesale price index (WPI) had spiked to 15.88 per cent during the month of May, while the WPI for April was revised to 15.38 per cent from 15.08 per cent, the data showed. The WPI in June 2021 was at 12.07 per cent.

The WPI inflation has remained in the double digits for the 15th consecutive month beginning April 2021.

“The high rate of inflation in June, 2022 is primarily due to rise in prices of mineral oils, food articles, crude petroleum & natural gas, basic metals, chemicals & chemical products, food products etc. as compared to the corresponding month of the previous year,” the government said in its press release.

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The food articles segment witnessed a spike of 14.39 per cent in June, the data showed. In the month prior to that, this was 12.34 per cent. The month-on-month hike can be attributed to a rise in vegetable prices.

Vegetable prices rose 56.75 per cent in June, against 56.36 per cent in May, the data showed. Prices of potato climbed 39.38 per cent while that of onions slipped (-)31.54 per cent. Prices of fruits witnessed a spike of 20.33 per cent last month from 9.98 per cent in May, while that of milk rose 6.35 per cent from 5.81 per cent a month ago. Eggs, meat and fish prices rose 7.24 per cent in June down from 7.78 per cent a month ago while cereals rose 7.99 per cent last month, marginally easing from 8.01 per cent.

The fuel and power segment eased to 40.38 per cent last month from 40.62 per cent in May. Petrol price eased to 57.82 per cent from 58.78 per cent month ago, HSD (High-Speed Diesel) slipped to 54.93 per cent from 65.23 per cent, while LPG prices spiked to 53.20 per cent from 47.71 per cent.

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The manufactured products segment eased to 9.19 per cent in June from 10.11 per cent in the month prior.

In a separate data released earlier this week, the country’s retail inflation, which is measured by the Consumer Price Index (CPI), eased to 7.01 per cent in the month of June.

First published on: 14-07-2022 at 12:07:48 pm
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