Agri Buzz: Wholesale Price Inflation Eases 15.18% In June, Food Price Inflation Spurts Above 12%

14 Jul 2022 , 12:30 PM

The annual rate of inflation based on All-India Wholesale Price Index (WPI) number is 15.18% (Provisional) for the month of June, 2022 (over June, 2021). This is marginally lower than the WPI number of 15.88% in May, 2022, 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. Primary Articles index increased by (1.45%) to 182.4 (provisional) in June, 2022 from 179.8 (provisional) for the month of May, 2022. Prices of Crude Petroleum & Natural Gas (6.59%) and Food Articles (2.40%) increased in June, 2022 as compared to May, 2022. Prices of Non-food Articles (-2.06%) and Minerals (-9.04%) declined in June, 2022 as compared to May, 2022. Fuel & Power index for this major group increased by (0.65%) to 155.4 (provisional) in June, 2022 from 154.4 (provisional) for the month of May, 2022. Prices of Mineral Oils (0.98%) increased in June, 2022 as compared to May, 2022. Manufactured Products index for this major group declined by (-0.76%) to 143.7 (provisional) in June, 2022 from 144.8 (provisional) for the month of May, 2022. WPI Food Index consisting of Food Articles from Primary Articles group and Food Product from Manufactured Products group have increased from 176.1 in May, 2022 to 178.4 in June, 2022. The rate of inflation based on WPI Food Index increased from 10.89% in May, 2022 to 12.41% in June, 2022. Powered by Commodity Insights