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India’s WPI inflation eases to 4.64% in November
Dec-14-2018

Coming in line with cooling CPI inflation, India’s Wholesale price index (WPI) inflation also eased in the month of November, helped by softer fuel prices. According to the latest data released by the government, WPI slowed down to 4.64 percent in November from 5.28 percent in October and 4.02 percent during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 4.73% compared to a build up rate of 2.83% in the corresponding period of the previous year.

Component wise, primary articles index having weight of 22.62 percent, surged by 0.7 percent to 137.2 (provisional) from 136.3 (provisional) for the previous month. Among the primary articles, the index for ‘Food Articles’ group rose by 0.2 percent to 146.1 (provisional) from 145.8 (provisional) for the previous month, the index for ‘Non-Food Articles’ group was up by 1.0 percent to 124.6 (provisional) from 123.4 (provisional) for the previous month, the index for ‘Minerals’ group rose by 0.8 percent to 130.4 (provisional) from 129.4 (provisional) for the previous month and the index for 'Crude Petroleum & Natural Gas' group soared 4.3 percent to 104.1 (provisional) from 99.8 (provisional) for the previous month.

Fuel & Power index, having weight of 13.15 percent, fell 1.0 percent to 110.0 (provisional) from 111.1 (provisional) for the previous month.

Manufactured Products constituting the major portion of the index with weight of 64.23 percent, remained unchanged at its previous month level of 118.8. Among these, the index for ‘Manufacture of Food Products’ group fell 0.4 percent to 129.0 (provisional) from 129.5 (provisional) for the previous month, the index for ‘Manufacture of Tobacco Products’ group declined by 0.6 percent to 149.7 (provisional) from 150.6 (provisional) for the previous month, the index for ‘Manufacture of Wearing Apparel’ group was down by 1.1 percent to 138.1 (provisional) from 139.6 (provisional) for the previous month, the index for ‘Manufacture of Leather and Related Products’ group decreased 0.4 percent to 121.5 (provisional) from 122.0 (provisional) for the previous month, the index for ‘Printing and Reproduction of Recorded Media’ group dropped 0.3 percent to 146.5 (provisional) from 146.9 (provisional) for the previous month and the index for ‘Manufacture of Basic Metals’ group dipped 0.6 percent to 113.9 (provisional) from 114.6 (provisional) for the previous month.


However, the index for ‘Manufacture of Beverages’ group rose by 0.7 percent to 121.7 (provisional) from 120.9 (provisional) for the previous month, the index for ‘Manufacture of Textiles’ group was up by 0.1 percent to 119.1 (provisional) from 119.0 (provisional) for the previous month, the index for ‘Manufacture of Wood and of Products of Wood and Cork ‘ group jumped 0.6 percent to 133.5 (provisional) from 132.7 (provisional) for the previous month, the index for ‘Manufacture of Paper and Paper Products’ group soared 1.1 percent to 125.3 (provisional) from 123.9 (provisional) for the previous month, the index for ‘Manufacture of Chemicals and Chemical Products’ group rose by 0.3 percent to 120.8 (provisional) from 120.4 (provisional) for the previous month, the index for ‘Manufacture of Rubber and Plastics Products’ group surged 0.3 percent to 110.4 (provisional) from 110.1 (provisional) for the previous month and the index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group rose by 0.4 percent to 116.2 (provisional) from 115.7 (provisional) for the previous month.

Besides, the index for ‘Manufacture of Computer, Electronic and Optical Products’ group surged 0.1 percent to 113.0 (provisional) from 112.9 (provisional) for the previous month, the index for ‘Manufacture of Electrical Equipment’ group increased 0.4 percent to 112.1 (provisional) from 111.6 (provisional) for the previous month, the index for ‘Manufacture of Machinery and Equipment’ group rose by 0.3 percent to 111.7 (provisional) from 111.4 (provisional) for the previous month, the index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group jumped 0.7 percent to 113.7 (provisional) from 112.9 (provisional) for the previous month, the index for ‘Manufacture of Other Transport Equipment’ group has marginally increased to 112.1 (provisional) from 112.0 (provisional) for the previous month and the index for ‘Manufacture of Furniture’ group rose by 0.9 percent to 128.4 (provisional) from 127.3 (provisional) for the previous month.

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