WPI
India's WPI inflation rate touches 1.3 pct
New Delhi: India's Wholesale Price Index (WPI) touched 1.32 percent in the month of September, 2020, government data released on Wednesday said.
"The annual rate of inflation, based on monthly WPI, stood at 1.32% (provisional) for the month of September, 2020 (over September, 2019) as compared to 0.33% during the corresponding month of the previous year," read a government statement.
The index for this major group increased by 2.73% to 150.3 (provisional) in September, 2020 from 146.3 (provisional) for the month of August, 2020.
Prices of Food Articles (3.70%), Crude Petroleum & Natural Gas (1.41%) and Minerals (0.12%) increased as compared to August, 2020. Prices of Non-food Articles (-0.94%) declined as compared to August, 2020.
The index for this major group declined by (-0.44%) to 91.0 (provisional) in September, 2020 from 91.4 (provisional) for the month of August, 2020. Prices of Mineral Oils (-0.64%) declined as compared to August, 2020. Prices of coal and electricity remain unchanged.
The index for this major group increased by (0.42%) to 119.8 (provisional) in September, 2020 from 119.3 (provisional) for the month of August, 2020.
Out of the 22 NIC two-digit groups for Manufactured products, 15 groups that have witnessed increase in prices are manufacture of food products; tobacco products; textiles; wearing apparel; paper and paper products; printing and reproduction of recorded media; chemicals and chemical products; rubber and plastics products; basic metals; fabricated metal products, except machinery and equipment; machinery and equipment; motor vehicles, trailers and semi- trailers; other transport equipment; furniture; other manufacturing in September, 2020 as compared to August, 2020.
Whereas 6 groups that have witnessed decrease in prices are manufacture of beverages; leather and related products; wood and of products of wood and cork; pharmaceuticals, medicinal chemical and botanical products; other non-metallic mineral products; and electrical equipment in September, 2020 as compared to August, 2020.
While the Manufacture of computer, electronic and optical products remain unchanged in September, 2020 as compared to August, 2020.
The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have increased from 153.3 in August, 2020 to 157.6 in September, 2020.
The annual rate of inflation based on WPI Food Index increased from 4.07% in August, 2020 to 6.92% in September, 2020.
For the month of July, 2020 the final Wholesale Price Index for 'All Commodities' (Base: 2011-12=100) stood at 121.0 and WPI based rate of inflation stood at -0.25%.
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