India’s inflation based on wholesale price index (WPI) eased to 1.22% (provisional) for the month of December 2020 as compared to 2.76% during the corresponding month of the previous year. Component wise, primary articles index having weight of 22.62%, declined by (-3.11%) to 146.5 (provisional) in December 2020 from 151.2 (provisional) for the month of November 2020. Prices of Crude Petroleum & Natural Gas, Minerals and Non-food Articles increased in December 2020 as compared to November 2020, while prices of Food Articles declined in December 2020 as compared to November 2020.
Fuel & Power index, having weight of 13.15%, increased by (3.18%) to 94.2 (provisional) in December 2020 from 91.3 (provisional) for the month of November 2020. Prices of Mineral Oils and Coal increased in December 2020 as compared to November 2020. But, prices of electricity remain unchanged.
Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by (1.40%) to 123.0 (provisional) in December 2020 from 121.3 (provisional) for the month of November 2020. Meanwhile, for the month of October 2020 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 123.6 and (1.31%) respectively.
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