India's Wholesale Price Index (WPI) for the manufacturing sector saw a marginal increase to 1.58% in July 2024, according to data updated on August 14, 2024. This is a slight uptick from the previous month's rate of 1.43%, recorded in June 2024.
The WPI manufacturing inflation compares price changes within the manufacturing sector over a year, charting the shift from July 2023 to July 2024. Similarly, the previous month’s data was compared year-over-year, from June 2023 to June 2024.
This steady rise in the WPI manufacturing inflation hints at underlying cost pressures within India’s industrial sector, potentially impacting pricing strategies and profit margins. Stakeholders and policymakers will need to closely monitor these shifts to stave off prolonged inflationary pressures that could impact economic stability and growth.
