WPI inflation rises to 9.87% in June; minerals, food items see price spike
India's wholesale price index accelerated to 9.87% in June, driven by sharp cost increases in mineral oils and essential food items. The Ministry of Commerce and Industry identified base metals and chemicals as primary contributors to the rising inflationary pressure.
Wholesale price index (WPI) inflation in India reached 9.87% for the month of June, reflecting a significant upward trend in wholesale costs across multiple sectors of the economy. The increase was particularly pronounced in the categories of mineral oils, which include petroleum products, and various food articles.
According to data released by the Ministry of Commerce and Industry, the manufacturing sector also faced substantial price hikes. Specifically, the manufacture of basic metals and chemical products were cited as major drivers behind the overall jump in the inflation rate for the period.
Economic analysts are monitoring these spikes as they may influence future monetary policy decisions. The sustained rise in wholesale prices for essential commodities and industrial raw materials indicates a tightening cost environment for both producers and consumers. Source: Ministry of Commerce and Industry.
