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India’s WPI inflation eases to 0.16% in October
Nov-14-2019

India’s Wholesale price index (WPI) inflation again fell to 0.16% in the month of October 2019 as against 0.33% for the previous month and 5.54% during the corresponding month of the previous year. The fall in the WPI inflation contrasts with the up-stick in the Consumer Price Index (CPI) inflation in October. Build up inflation rate in the financial year so far was 1.92% compared to a build up rate of 4.90% in the corresponding period of the previous year.

Component wise, primary articles index having weight of 22.62%, rose by 2.1% to 146 (provisional) from 143 (provisional) for the previous month. Among the primary articles, the index for 'Food Articles' group rose by 3.2% to 160.2 (provisional) from 155.3 (provisional) for the previous month, while the index for ' Non-Food Articles' group declined by 0.3% to 126.3 (provisional) from 126.7 (provisional) for the previous month, the index for 'Minerals' group declined by 3.2% to 158.4 (provisional) from 163.6 (provisional) for the previous month and the index for 'Crude Petroleum & Natural Gas' group declined by 0.7% to 85.8 (provisional) from 86.4 (provisional) for the previous month.

Fuel & Power index, having weight of 13.15%, rose by 1.9% to 102.1 (provisional) from 100.2 (provisional) for the previous month.

Manufactured Products constituting the major portion of the index with weight of 64.23%, remained unchanged at its previous month level of 117.9. Among these, the index for 'Manufacture of Food Products' group rose by 0.7% to 134.5 (provisional) from 133.6 (provisional) for the previous month, the index for 'Manufacture of Tobacco Products' group rose by 0.8% to 155.2 (provisional) from 154.0 (provisional) for the previous month, the index for 'Manufacture of Wood And of Products of Wood and Cork ' group rose by 0.3% to 134.4 (provisional) from 134.0 (provisional) for the previous month and the index for 'Printing and Reproduction of Recorded Media ' group rose by 2.5% to 153.2 (provisional) from 149.4 (provisional) for the previous month.

Further, the index for 'Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products' group rose by 0.2% to 125.9 (provisional) from 125.6 (provisional) for the previous month, The index for 'Manufacture of Rubber and Plastics Products' group rose by 0.2% to 108.3 (provisional) from 108.1 (provisional) for the previous month, the index for 'Manufacture of Electrical Equipment' group rose by 0.6% to 111.2 (provisional) from 110.5 (provisional) for the previous month, the index for 'Manufacture of Motor Vehicles, Trailers and Semi-Trailers' group rose by 1.5% to 114.6 (provisional) from 112.9 (provisional) for the previous month and the index for 'Other Manufacturing' group rose by 2.5% to 116.7 (provisional) from 113.8 (provisional) for the previous month.

On the flip side, the index for 'Manufacture of Beverages' group declined by 0.6% to 123.4 (provisional) from 124.1 (provisional) for the previous month, the index for 'Manufacture of Textiles' group declined by 0.2% to 117.7 (provisional) from 117.9 (provisional) for the previous month, the index for 'Manufacture of Wearing Apparel' group declined by 0.4% to 138.4 (provisional) from 138.9 (provisional) for the previous month, the index for 'Manufacture of Leather And Related Products' group declined by 0.2% to 118.6 (provisional) from 118.8 (provisional) for the previous month, the index for 'Manufacture of Paper and Paper Products' group declined by 0.5% to 120.3 (provisional) from 120.9 (provisional) for the previous month and the index for 'Manufacture of Chemicals and Chemical Products' group declined by 0.4% to 117.4 (provisional) from 117.9 (provisional) for the previous month

Besides, the index for 'Manufacture of Other Non-Metallic Mineral Products' group declined by 0.9% to 115.8 (provisional) from 116.8 (provisional) for the previous month, the index for 'Manufacture of Basic Metals' group declined by 1.1% to 103.6 (provisional) from 104.8 (provisional) for the previous month, the index for 'Manufacture of Fabricated Metal Products, Except Machinery and Equipment' group declined by 0.1% to 115.0 (provisional) from 115.1 (provisional) for the previous month, the index for 'Manufacture of Computer, Electronic and Optical Products' group declined by 0.3% to 109.8 (provisional) from 110.1 (provisional) for the previous month, the index for 'Manufacture of Machinery and Equipment' group declined by 1.0% to 112.8 (provisional) from 113.9 (provisional) for the previous month and the index for 'Manufacture of Furniture' group declined by 1.1% to 130.8 (provisional) from 132.2 (provisional) for the previous month.


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