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WPI Inflation For June Comes In At 12.07%
The annual rate of WPI inflation came in at 12.07% for the month of June, 2021 (over June, 2020) as compared to -1.81% in June 2020. The high rate of inflation in June 2021 is primarily due to low base effect and rise in prices of mineral oils viz. petrol, diesel (HSD), naphtha, ATF, furnace oiletc, and manufactured products like basic metal, food products, chemical products etc., as compared the corresponding month of the previous year.
Provisional figures of Wholesale Price Index (WPI) are released on the 14th of every month (or next working day), with a time lag of two weeks of the reference month based on data compiled from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released.
Earlier this month, the June headline CPI inflation remained steady at 6.26%, led by an unfavorable base effect, but with easing sequential momentum in both headline and core. Within food, perishables showed mixed trends while non-perishables were mostly lower MoM. Energy inflation depicted the pass-through of global oil prices. Core inflation eased to 6.2% and fell sequentially across most sub-categories, led by health and personal care.
