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WPI inflation spikes to 2.59% in December
Jan-14-2020

India’s Wholesale price index (WPI) inflation worsened to 2.59 percent in the month of December 2019 as against 0.58 percent for the previous month and 3.46 percent during the corresponding month of the previous year. The surge in inflation is due to pick up in prices of Food and Non-Food Articles. Build up inflation rate in the financial year so far was 2.42 percent compared to a build up rate of 2.92 percent in the corresponding period of the previous year.

Component wise, primary articles index having weight of 22.62 percent, rose by 1 percent to 148.8 (provisional) from 147.3 (provisional) for the previous month. Among the primary articles, the index for 'Food Articles' group rose by 0.1 percent to 162.5 (provisional) from 162.4 (provisional) for the previous month, the index for ' Non-Food Articles' group rose by 5.5 percent to 134 (provisional) from 127 (provisional) for the previous month and the index for 'Crude Petroleum & Natural Gas' group rose by 3.5 percent to 86.0 (provisional) from 83.1 (provisional) for the previous month, while the index for 'Minerals' group declined by 0.8 percent to 153.6 (provisional) from 154.8 (provisional) for the previous month.

Fuel & Power index, having weight of 13.15 percent, remained unchanged at its previous month level of 101.3.

Manufactured Products constituting the major portion of the index with weight of 64.23 percent, rose by 0.2 percent to 118.0 (provisional) from 117.8 (provisional) for the previous month. Among these, the index for 'Manufacture of Food Products' group rose by 1.0 percent to 136.6 (provisional) from 135.3 (provisional) for the previous month, the index for 'Manufacture of Wearing Apparel' group rose by 0.1 percent to 139.1 (provisional) from 138.9 (provisional) for the previous month, the index for 'Manufacture of Leather and Related Products' group rose by 0.2 percent to 118.9 (provisional) from 118.7 (provisional) for the previous month, the index for 'Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products' group rose by 1.0 percent to 127.9 (provisional) from 126.6 (provisional) for the previous month, the index for 'Manufacture of Rubber and Plastics Products' group rose by 0.6 percent to 108.3 (provisional) from 107.7 (provisional) for the previous month and the index for 'Manufacture of Other Non-Metallic Mineral Products' group rose by 0.3 percent to 115.8 (provisional) from 115.4 (provisional) for the previous month.

Besides, the index for 'Manufacture of Basic Metals' group rose by 0.2 percent to 103.5 (provisional) from 103.3 (provisional) for the previous month, the index for 'Manufacture of Fabricated Metal Products, Except Machinery and Equipment' group rose by 0.1 percent to 115.6 (provisional) from 115.5 (provisional) for the previous month, the index for 'Manufacture of Computer, Electronic and Optical Products' group rose by 0.5 percent to 110.0 (provisional) from 109.5 (provisional) for the previous month, The index for 'Manufacture of Machinery and Equipment' group rose by 0.4 percent to 113.0 (provisional) from 112.6 (provisional) for the previous month, The index for 'Manufacture of Other Transport Equipment' group rose by 0.1 percent to 118.4 (provisional) from 118.3 (provisional) for the previous month and the index for 'Other Manufacturing' group rose by 0.4 percent to 114.1 (provisional) from 113.6 (provisional) for the previous month.

On the flip side, the index for 'Manufacture of Beverages' group declined by 0.3 percent to 123.4 (provisional) from 123.8 (provisional) for the previous month, The index for 'Manufacture of Tobacco Products' group declined by 0.2 percent to 152.9 (provisional) from 153.2 (provisional) for the previous month, The index for 'Manufacture of Textiles' group declined by 0.2 percent to 116.9 (provisional) from 117.1 (provisional) for the previous month, the index for 'Manufacture of Wood and Of Products Of Wood And Cork ' group declined by 0.4 percent to 133.1 (provisional) from 133.7 (provisional) for the previous month and the index for 'Manufacture of Paper and Paper Products' group declined by 0.2 percent to 119.5 (provisional) from 119.7 (provisional) for the previous month.

Further, the index for 'Printing and Reproduction Of Recorded Media ' group declined by 1.3 percent to 150.3 (provisional) from 152.3 (provisional) for the previous month, the index for 'Manufacture of Chemicals and Chemical Products' group declined by 0.5 percent to 116.2 (provisional) from 116.8 (provisional) for the previous month, The index for 'Manufacture of Electrical Equipment' group declined by 0.3 percent to 110.6 (provisional) from 110.9 (provisional) for the previous month, The index for 'Manufacture of Motor Vehicles, Trailers and Semi-Trailers' group declined by 0.7 percent to 114.9 (provisional) from 115.7 (provisional) for the previous month, The index for 'Manufacture of Furniture' group declined by 1.0 percent to 129.9 (provisional) from 131.2 (provisional) for the previous month.
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