Wholesale Price Index
India's annual rate of inflation based on all India Wholesale Price Index (WPI) number eases to 10.7 pct
New Delhi: The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 10.7% (Provisional) for the month of September, 2022 (over September, 2021) against 12.41% recorded in August 2022, as per data released by the Ministry of External Affairs on Friday.
The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have decreased from 176.0 in August, 2022 to 175.2 in September, 2022.
The rate of inflation based on WPI Food Index decreased from 9.93% in August, 2022 to 8.08% in September, 2022.
Inflation in September, 2022 is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas, chemicals & chemical products, basic metals, electricity, textiles etc. as compared to the corresponding month of the previous year.
Month over Month Change in Major Groups of WPI:
Primary Articles (Weight 22.62%):- The index for this major group declined by (-1.34%) to 176.2 (provisional) in September, 2022 from 178.6 (provisional) for the month of August, 2022. Prices of Food Articles (0.28%) increased in September, 2022 as compared to August, 2022. Prices of Non-food Articles (-3.60%), Crude Petroleum & Natural Gas (-6.38%) and Minerals (-6.45%) declined in September, 2022 as compared to August, 2022.
Fuel & Power (Weight 13.15%):- The index for this major group increased by (0.13%) to 157.8 (provisional) in September, 2022 from 157.6 (provisional) for the month of August, 2022. Prices of Electricity (5.16%) increased in September, 2022 as compared to August, 2022. Prices of Mineral Oils (-1.32%) declined in September, 2022 as compared to August, 2022.
Manufactured Products (Weight 64.23%):- The index for this major group declined by (-0.49%) to 142.5 (provisional) in September, 2022 from 143.2 (provisional) for the month of August, 2022. Out of the 22 NIC two-digit groups for manufactured products, 12 groups that have witnessed an increase in prices while 8 groups have witness a decrease in prices. Index of 2 groups has remained unchanged.
The increase in price is mainly contributed by motor vehicles, trailers and semi-trailers; machinery and equipment; fabricated metal products except machinery and equipment; electrical equipment and computer, electronics and optical products.
Some of the groups that have witnessed decrease in prices are basic metals, food products; chemicals and chemical products; textiles and other non-metallic mineral products in September, 2022 as compared to August, 2022.
WPI Food Index (Weight 24.38%): The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have decreased from 176.0 in August, 2022 to 175.2 in September, 2022. The rate of inflation based on WPI Food Index decreased from 9.93% in August, 2022 to 8.08% in September, 2022.
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