India’s inflation based on wholesale price index (WPI) surged 0.16% in the month of August, 2020 (over August, 2019) as compared to 1.17% during the corresponding month of the previous year.
Component wise, primary articles index having weight of 22.62%, increased by (1.81%) to 146.3 (provisional) in August, 2020 from 143.7 (provisional) for the month of July, 2020. Prices of Minerals, Crude Petroleum & Natural Gas, Non-food Articles and Food Articles increased as compared to July, 2020.
Fuel & Power index, having weight of 13.15%, increased by (0.77%) to 91.4 (provisional) in August, 2020 from 90.7 (provisional) for the month of July, 2020. Prices of Mineral Oils increased as compared to July, 2020, while prices of coal and electricity remain unchanged.
Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by (0.59%) to 119.3 (provisional) in August, 2020 from 118.6 (provisional) for the month of July, 2020. Meanwhile, for the month of June 2020, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 119.3 and WPI based rate of inflation stood at -1.81%.
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