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India’s WPI inflation eases further to 12.41% in August

14 Sep 2022 Evaluate

India’s inflation based on wholesale price index (WPI) eased to 12.41% in the month of August 2022 as against 13.93% in July 2022. Inflation in August is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas, basic metals, chemicals & chemical products, electricity, food products etc. as compared to the corresponding month of the previous year.

Component wise, primary articles index, having weight of 22.62%, increased by 0.62% to 178.6 (provisional) in August 2022 from 177.5 (provisional) for the month of July 2022. Prices of Nonfood Articles and Food Articles increased in August 2022 as compared to July 2022, while Prices of Minerals and Crude Petroleum & Natural Gas declined in August 2022 as compared to July 2022.

Fuel & Power index, having weight of 13.15%, declined by 4.83% to 157.6 (provisional) in August 2022 from 165.6 (provisional) for the month of July 2022. Prices of Electricity increased in August 2022 as compared to July, 2022, while Prices of Mineral Oils declined in August 2022 as compared to July 2022.

Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by 0.07% to 143.2 (provisional) in August 2022 from 143.1 (provisional) for the month of July 2022. Meanwhile, for the month of June 2022 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 155.4 and 16.23% respectively.

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