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WPI inflation eases to 2.03% in January year-on-year basis
Feb-15-2021

India’s inflation based on wholesale price index (WPI) eased to 2.03% (provisional) for the month of January 2021 as compared to 3.52% during the corresponding month of the previous year. However, sequentially inflation increased from a rise of 1.22% in December 2020.

Component wise, primary articles index having weight of 22.62%, declined by (-1.77%) to 143.9 (provisional) in January, 2021 from 146.5 (provisional) for the month of December, 2020. Prices of Crude Petroleum & Natural Gas (9.48%) and Minerals (2.67%) increased in January, 2021 as compared to December, 2020. Prices of Non-food Articles (-0.43%) and Food Articles (-2.99%) declined in January, 2021 as compared to December, 2020.

Fuel & Power index, having weight of 13.15%, increased by (5.84%) to 99.7 (provisional) in January, 2021 from 94.2 (provisional) for the month of December, 2020. Prices of Electricity (11.49%) and Mineral Oils (5.55%) increased in January, 2021 as compared to December, 2020. Prices of coal remain unchanged.

The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have decreased from 154.4 in December, 2020 to 151.8 in January, 2021. The rate of inflation based on WPI Food Index decreased from 0.92% in December, 2020 to -0.26% in January, 2021.

Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by (1.54%) to 124.9 (provisional) in January, 2021 from 123.0 (provisional) for the month of December, 2020. Meanwhile, for the month of November, 2020 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 125.1 and 2.29% respectively.

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