Perspective on June WPI data by Mr. Dheer Shah, CFO, BDR Pharma
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Below the Perspective on June WPI data by Mr. Dheer Shah, CFO, BDR Pharma
June 2024's Wholesale Price Index (WPI) reflects a steady rise with an annual inflation rate of 3.36% compared to June 2023. Comparatively, May 2024 recorded a WPI inflation rate of 2.61%, indicating a steady progression in inflationary pressures. This increase is driven by higher prices in food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, and other manufacturing sectors. It shows a consistent upward trajectory, influenced by significant price hikes across various sectors including food articles, food products manufacturing, and energy commodities. This highlights the ongoing economic shifts, necessitating strategic actions to maintain market stability and affordability.
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