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.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: