June WPI-based inflation cools to 15.18% from May's four-decade high

June WPI inflation of 15.18 per cent comes on the back of a high base of 12.07 per cent for the same month in 2021

Wholesale Price Index-based inflation (WPI) for June decreased slightly from a four-decade high in May. Still, it remained at 15.18 per cent, primarily driven by international crude prices, food articles, mineral oils, and others. This was the third consecutive month that factory-gate inflation was above the 15 per cent mark.

WPI inflation in May had come in at 15.88 per cent, a record for the current series and the highest since September 1991.

For June, the WPI for food index, which constitutes 24.4 per cent of the total index, came in at 12.41 per cent compared with 10.89 per cent