India’s WPI inflation at -4.12% in June

The Wholesale Price Index (WPI) in June eased to (-) 4.12% from (-) 3.48% in May and its recorded lowest since October 2015. “The annual rate of inflation based on all India Wholesale Price Index (WPI) number is (-) 4.12% (provisional) for the month of June 2023 (over June 2022) against (-) 3.48% recorded in May 2023,” the Ministry of Commerce & Industry said today.

The Food Index consisting of 'Food Articles' from the Primary Articles group and 'Food Product' from the Manufactured Products group has increased from 172.8 in May 2023 to 175.2 in June 2023. The annual rate of inflation (Y-o-Y) based on the WPI Food Index changed from (-) 1.59% in May 2023 to (-) 1.24% in June 2023. 

The primary articles index for this major group increased by 0.57% to 176.3 (provisional) in June 2023 from 175.3 (provisional) for the month of May 2023. Prices of Food Articles (2.10%) increased in June 2023 as compared to May 2023. Prices of Non-food Articles (-2.40%), Crude Petroleum and Natural Gas (-3.01%), and Minerals (- 4.32%) declined in June 2023 as compared to May 2023.

The fuel & power index for this major group declined by 1.75% to 146.0 (provisional) in June 2023 from 148.6 (provisional) for the month of May 2023. Prices of Coal (2.46%) increased in June 2023 as compared to May 2023. Prices of Mineral Oils (-2.30%) and Electricity (-2.96%) declined in June 2023 as compared to May 2023.

The manufactured Products index for this major group declined by 0.50% to 140 (provisional) in June 2023 from 140.7 (provisional) for the month of May 2023.

Source: Media reports