India's WPI inflation rises at 1.32% in September


India's WPI inflation rises at 1.32% in September



The annual rate of inflation, based on monthly WPI, stood at 1.32% (provisional) for September 2020 (over September 2019) as compared to 0.33% during the corresponding month of the previous year.

The Food Index consisting of 'Food Articles' from the Primary Articles group and 'Food Product' from the Manufactured Products group has 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.

The primary articles index for this major group increased by 2.73% to 150.3 (provisional) in September 2020 from 146.3 (provisional) for 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 fuel & power index for this major group declined by (-0.44%) to 91.0 (provisional) in September 2020 from 91.4 (provisional) for August 2020. Prices of Mineral Oils (-0.64%) declined as compared to August 2020. Prices of coal and electricity remain unchanged.

The manufactured products index for this major group increased by (0.42%) to 119.8 (provisional) in September 2020 from 119.3 (provisional) for August 2020.

Out of the 22 NIC two-digit groups for Manufactured products, 15 groups that have witnessed an 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 a 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.

Source: Ministry of Commerce & Industry






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