WPI eases to 11.16% in July’21; IIP grew 13.60% in June’2120-Apr-2022
Wholesale Price Index eased to 11.16% in July’21 as against 12.07% in June’21. Rise in WPI was mainly due to low base effect and rise in prices of Crude Petroleum and Natural Gas (7.91%), rise in prices of Mineral Oils (5.41%) whereas price of Electricity (-11.61%) declined in July’21 and it remained unchanged for Coal. Also, in the manufactured products segment, major contributor for price rise were Tobacco and metal products. Index of Industrial Output for June’21 rose to 13.60%. The mining activity for the month under review rose to 23.10%, while the manufacturing output increased by 13.00%. Electricity generation was at 8.30% in June.