India’s WPI inflation rises to 0.58% in November

India’s Wholesale price index (WPI) inflation rose to 0.58% in the month of November 2019 as against 0.16% for the previous month and 4.47% during the corresponding month of the previous year. The rise in inflation is due to pick up in vegetable prices including onions. Build up inflation rate in the financial year so far was 2.00% compared to a build up rate of 4.56% in the corresponding period of the previous year.

Component wise, primary articles index having weight of 22.62%, rose by 0.9% to 147.3 (provisional) from 146.0 (provisional) for the previous month. Among the primary articles, the index for 'Food Articles' group rose by 1.4% to 162.4 (provisional) from 160.2 (provisional) for the previous month and the index for 'Non-Food Articles' group rose by 0.6% to 127.0 (provisional) from 126.3 (provisional) for the previous month, while the index for 'Minerals' group declined by 2.3% to 154.8 (provisional) from 158.4 (provisional) for the previous month and the index for 'Crude Petroleum & Natural Gas' group declined by 3.1% to 83.1 (provisional) from 85.8 (provisional) for the previous month.

Fuel & Power index, having weight of 13.15%, declined by 0.8% to 101.3 (provisional) from 102.1 (provisional) for the previous month, on the back of decline in prices of mineral oils.

Manufactured Products constituting the major portion of the index with weight of 64.23%, declined by 0.1% to 117.8 (provisional) from 117.9 (provisional) for the previous month. Among these, the index for 'Manufacture of Tobacco Products' group declined by 1.3% to 153.2 (provisional) from 155.2 (provisional) for the previous month, the index for 'Manufacture of Textiles' group declined by 0.5% to 117.1 (provisional) from 117.7 (provisional) for the previous month, the index for 'Manufacture of Wood and of Products of Wood and Cork ' group declined by 0.5% to 133.7 (provisional) from 134.4 (provisional) for the previous month, the index for 'Manufacture of Paper and Paper Products' group declined by 0.5% to 119.7 (provisional) from 120.3 (provisional) for the previous month, the index for 'Printing and Reproduction of Recorded Media ' group declined by 0.6% to 152.3 (provisional) from 153.2 (provisional) for the previous month and the index for 'Manufacture of Chemicals and Chemical Products' group declined by 0.5% to 116.8 (provisional) from 117.4 (provisional) for the previous month.

Further, the index for 'Manufacture of Rubber and Plastics Products' group declined by 0.6% to 107.7 (provisional) from 108.3 (provisional) for the previous month, the index for 'Manufacture of Other Non-Metallic Mineral Products' group declined by 0.3% to 115.4 (provisional) from 115.8 (provisional) for the previous month, the index for 'Manufacture of Basic Metals' group declined by 0.3% to 103.3 (provisional) from 103.6 (provisional) for the previous month, the index for 'Manufacture of Computer, Electronic and Optical Products' group declined by 0.3% to 109.5 (provisional) from 109.8 (provisional) for the previous month, the index for 'Manufacture of Electrical Equipment' group declined by 0.3% to 110.9 (provisional) from 111.2 (provisional) for the previous month, the index for 'Manufacture of Machinery and Equipment' group declined by 0.2% to 112.6 (provisional) from 112.8 (provisional) for the previous month.

On the flip side, the index for 'Manufacture of Food Products' group rose by 0.6% to 135.3 (provisional) from 134.5 (provisional) for the previous month, the index for 'Manufacture of Beverages' group rose by 0.3% to 123.8 (provisional) from 123.4 (provisional) for the previous month, the index for 'Manufacture of Wearing Apparel' group rose by 0.4% to 138.9 (provisional) from 138.4 (provisional) for the previous month, the index for 'Manufacture of Leather and Related Products' group rose by 0.1% to 118.7 (provisional) from 118.6 (provisional) for the previous month, the index for 'Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products' group rose by 0.6% to 126.6 (provisional) from 125.9 (provisional) for the previous month, the index for 'Manufacture of Fabricated Metal Products, Except Machinery and Equipment' group rose by 0.4% to 115.5 (provisional) from 115.0 (provisional) for the previous month, the index for 'Manufacture of Motor Vehicles, Trailers And Semi-Trailers' group rose by 1.0% to 115.7 (provisional) from 114.6 (provisional) for the previous month, the index for 'Manufacture of Other Transport Equipment' group rose by 0.3% to 118.3 (provisional) from 118.0 (provisional) for the previous month and the index for 'Manufacture of Furniture' group rose by 0.3% to 131.2 (provisional) from 130.8 (provisional) for the previous month.