India's wholesale price inflation slightly lower at 15.18% in June
18 July 2022
India’s wholesale price inflation, based on the wholesale price index (WPI), eased slightly to 15.18 per cent in June 2022 from 15.88 per cent in May, data released by the commerce ministry showed.
The wholesale price index for April has been revised to 15.38 per cent from 15.08 per cent estimaed earlier, the data showed.
Wholesale price inflation in June 2021 stood at 12.07 per cent.
The WPI inflation has remained in 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.
Vegetable prices rose 56.75 per cent in June, against 56.36 per cent in May. Prices of potato climbed 39.38 per cent while that of onion prces 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, Diesel prices 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.
Prices of manufactured products eased to 9.19 per cent in June from 10.11 per cent in the month earlier.
The food articles segment witnessed a spike of 14.39 per cent in June, data showed. In the previous month this was 12.34 per cent. The month-on-month rise may be attributed to a rise in vegetable prices.
Against this, retail price inflation data, based on the Consumer Price Index (CPI), released earlier this week, showed a decline to 7.01 per cent in June.