India’s inflation based on wholesale price index (WPI) eased further 8.39% in the month of October 2022 as against 10.70% recorded in September 2022, primarily contributed by fall in the price of mineral oils, basic metals, fabricated metal products, except machinery and equipment; textiles; other non-metallic mineral products; minerals etc.
Component wise, primary articles index, having weight of 22.62%, increased by 2.72% to 181 (provisional) in October 2022 from 176.2 (provisional) for the month of September 2022, as prices of Crude Petroleum & Natural Gas and Food Articles increased in October 2022 as compared to September 2022. However, prices of Non-food Articles and Minerals declined in October 2022 as compared to September 2022.
Fuel & Power index, having weight of 13.15%, declined by 1.65% to 155.2 (provisional) in October 2022 from 157.8 (provisional) for the month of September 2022. Prices of Coal increased in October 2022 as compared to September 2022. Prices of Mineral Oils declined in October 2022 as compared to September 2022. Prices of electricity remain unchanged.
Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, declined by 0.42% to 141.9 (provisional) in October 2022 from 142.5 (provisional) for the month of October 2022. Meanwhile, for the month of August 2022 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 153.2 and 12.48% respectively.
