Prices of vegetables skyrocketed..!? India's Wholesale Inflation..!!

India's headline inflation, measured by the Wholesale Price Index (WPI), rose to a 16-month high of 3.36 percent in June. This was higher than May's 2.61 percent, government data showed. Wholesale price inflation is calculated by tracking the change in prices of goods received from wholesalers across the country. An increase in wholesale prices would mean an increase in wholesale price inflation. As a result, wholesalers who purchase products from manufacturers incur higher costs. Thus they will also sell at higher prices to the customers which will ultimately affect the customers. Core inflation rose to 8.80 percent in june from 7.20 percent in May. Fuel and electricity inflation eased marginally to 1.03 percent from 1.35 percent in the previous month.
The inflation rate of manufactured goods rose to 1.43 percent in june from 0.78 percent in May. The food inflation rate increased to 8.68 percent in june from 7.40 percent in May. The inflation rate has increased due to an increase in food prices, production of food items, crude oil, petroleum and natural gas, mineral oils, and other products," said an official press release. Inflation of vegetables and fruits is 10.14 percent in june 2024. It was 21.2 percent in june 2024. Inflation in june 2024 was 93.4 percent. India's retail inflation rose to a 12-month high of 5.08 percent in May, according to MI&A research estimates, while home-cooked thali prices fell by 10 percent over last year. Compared to last year, the price of chicken curry has decreased by about 14 percent. The price of non-vegetarian thali has come down due to increased poultry production and lower feed costs. The cost of vegetarian thali has increased due to inflation.
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india's wholesale inflation

Sowmiya Sriram

15/07/2024 10:18 PM