Wholesale inflation
– Photo : Agency
Expansion
The wholesale inflation rate in the country has increased to 3.36 percent in June. Earlier, in the last month i.e. May 2024, it was 2.61 percent, while in the same month last year (June 2023) it was 4.18 percent below zero.
According to government data, the wholesale inflation rate in April was 1.26 percent. Wholesale inflation in the country continues to rise due to the continuous increase in the prices of food and drink items.
The Ministry of Commerce and Industry issued a statement saying, “Based on the Wholesale Price Index (WPI), the inflation rate in June is 3.36 percent. This month, the inflation rate has also increased due to the increase in the prices of food items, food production, crude oil, petrol, natural gas and other things.”
Food inflation continues to rise
According to the data, inflation in food items rose by 10.87 percent in June, while it was 9.82 percent in May. The inflation rate of vegetables was 38.76 percent in June, which was 32.42 percent in May. The inflation rate of onion was 93.35 percent, while the inflation rate of potato was 66.37 percent. The inflation rate of pulses was 21.64 percent in June.
Inflation in the fuel and power sector stood at 1.03 per cent, slightly lower than 1.35 per cent in May. Inflation in manufactured products stood at 1.43 per cent in June, higher than 0.78 per cent in May.
There was also an increase in the consumer price index
Not only this, an increase has also been registered in the Consumer Price Index (CPI) in June and it has reached its highest level of 5.08 percent in four months. It is believed that the rising prices of food items have also affected the CPI.