India’s inflation based on wholesale price index (WPI) surged to 1.48% in the month of October, 2020 as compared to 0.00% during the corresponding month of the previous year. Component wise, primary articles index having weight of 22.62%, increased by 1.40% to 152.4 (provisional) in October, 2020 from 150.3 (provisional) for the month of September, 2020. Prices of Non-food Articles, Food Articles and Minerals increased in October, 2020 compared to September, 2020. But, prices of crude petroleum & natural gas remain unchanged.
Fuel & Power index, having weight of 13.15%, increased by 0.11% to 91.1 (provisional) in October, 2020 from 91.0 (provisional) for the month of September, 2020. Prices of Electricity increased in October, 2020 compared to September, 2020. Prices of Mineral Oils declined in October, 2020 compared to September, 2020. Prices of coal remain unchanged.
Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by 0.42% to 120.3 (provisional) in October, 2020 from 119.8 (provisional) for the month of September, 2020. Meanwhile, for the month of August, 2020 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 122.0 and 0.41% respectively.
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