India’s WPI inflation cools to 0.33% in September

In a positive surprise, India’s Wholesale price index (WPI) inflation fell sharply at 0.33% in the month of September 2019 as against 1.08% (provisional) for the previous month and 5.22% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.17% compared to a build-up rate of 3.96% in the corresponding period of the previous year.

Component wise, primary articles index having weight of 22.62%, declined by 0.6% to 143.0 (provisional) from 143.9 (provisional) for the previous month. Among the primary articles, the index for 'Food Articles' group declined by 0.4% to 155.3 (provisional) from 155.9 (provisional) for the previous month, the index for 'Non-Food Articles' group declined by 2.5% to 126.7 (provisional) from 129.9 (provisional) for the previous month and the index for 'Crude Petroleum & Natural Gas' group declined by 1.9% to 86.4 (provisional) from 88.1 (provisional) for the previous month, while the index for 'Minerals' group rose by 6.6% to 163.6 (provisional) from 153.4 (provisional) for the previous month.

Fuel & Power index, having weight of 13.15%, declined by 0.5% to 100.2 (provisional) from 100.7 (provisional) for the previous month.

Manufactured Products constituting the major portion of the index with weight of 64.23%, rose by 0.1% to 117.9 (provisional) from 117.8 (provisional) for the previous month. Among these, the index for 'Manufacture of Food Products' group rose by 0.9% to 133.6 (provisional) from 132.4 (provisional) for the previous month, the index for 'Manufacture of Beverages' group rose by 0.1% to 124.1 (provisional) from 124.0 (provisional) for the previous month, the index for 'Manufacture of Tobacco Products' group rose by 0.1% to 154.0 (provisional) from 153.9 (provisional) for the previous month, the index for 'Manufacture of Wearing Apparel' group rose by 1.9% to 138.9 (provisional) from 136.3 (provisional) for the previous month and the index for 'Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products' group rose by 0.2% to 125.6 (provisional) from 125.4 (provisional) for the previous month.

Further, the index for 'Manufacture of Fabricated Metal Products, Except Machinery And Equipment' group rose by 0.9% to 115.1 (provisional) from 114.1 (provisional) for the previous month, the index for 'Manufacture of Machinery and Equipment' group rose by 0.7% to 113.9 (provisional) from 113.1 (provisional) for the previous month, The index for 'Manufacture of Other Transport Equipment' group rose by 0.3% to 118.0 (provisional) from 117.6 (provisional) for the previous month, The index for 'Manufacture of Furniture' group rose by 0.6% to 132.2 (provisional) from 131.4 (provisional) for the previous month and The index for 'Other Manufacturing' group rose by 3.2% to 113.8 (provisional) from 110.3 (provisional) for the previous month.

On the other hand, the index for 'Manufacture of Textiles' group declined by 0.3% to 117.9 (provisional) from 118.3 (provisional) for the previous month, the index for 'Manufacture of Leather and Related Products' group declined by 0.4% to 118.8 (provisional) from 119.3 (provisional) for the previous month, the index for 'Manufacture of Wood and of Products of Wood and Cork ' group declined by 0.1% to 134.0 (provisional) from 134.1 (provisional) for the previous month, the index for 'Manufacture of Paper and Paper Products' group declined by 0.5% to 120.9 (provisional) from 121.5 (provisional) for the previous month, the index for 'Printing and Reproduction of Recorded Media ' group declined by 1.1% to 149.4 (provisional) from 151.0 (provisional) for the previous month and the index for 'Manufacture of Chemicals and Chemical Products' group declined by 0.3% to 117.9 (provisional) from 118.3 (provisional) for the previous month.

Besides, the index for 'Manufacture of Rubber and Plastics Products' group declined by 0.1% to 108.1 (provisional) from 108.2 (provisional) for the previous month, the index for 'Manufacture of Other Non-Metallic Mineral Products' group declined by 0.6% to 116.8 (provisional) from 117.5 (provisional) for the previous month, The index for 'Manufacture of Computer, Electronic and Optical Products' group declined by 1.0% to 110.1 (provisional) from 111.2 (provisional) for the previous month, The index for 'Manufacture of Electrical Equipment' group declined by 0.5% to 110.5 (provisional) from 111.1 (provisional) for the previous month, the index for 'Manufacture of Motor Vehicles, Trailers and Semi-Trailers' group declined by 0.5% to 112.9 (provisional) from 113.5 (provisional) for the previous month.