India’s inflation based on wholesale price index (WPI) jumped to 12.54% in the month of October as against 10.66% in September. The annual rate of inflation is 12.54% (Provisional) for the month of October 2021 as compared to 1.31% in October 2020. The high rate of inflation in October 2021 is primarily due to rise in prices of mineral oils, basic metals, food products, crude petroleum & natural gas, chemicals and chemical products etc. as compared the corresponding month of the previous year.
Component wise, primary articles index, having weight of 22.62%, increased by (3.10%) to 159.7 (provisional) in October 2021 from 154.9 (provisional) for the month of September 2021. Prices of Crude Petroleum & Natural Gas and Food Articles increased in October 2021 as compared to September 2021. Prices of Non-food Articles and Minerals declined in October 2021 as compared to September 2021.
Fuel & Power index, having weight of 13.15%, increased by (8.72%) to 124.7 (provisional) in October 2021 from 114.7 (provisional) for the month of September 2021. Prices of Electricity, Mineral Oils and Coal increased in October 2021 as compared to September 2021. Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by (0.82%) to 134.9 (provisional) in October 2021 from 133.8 (provisional) for the month of September 2021.
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