India’s inflation based on wholesale price index (WPI) turned negative for the first time since July 2020 at (-) 0.92% for the month of April 2023 as against 1.34% in March 2023, on account of fall in prices of non-food articles, coal, electricity and mineral oils.
The Component wise, primary articles index, having weight of 22.62%, surged 1.31% to 177.3 (provisional) in April 2023 from 175.0 (provisional) for the month of March 2023, as prices of crude petroleum & natural gas, minerals and food articles increased in April 2023 as compared to March 2023.However, prices of non-food articles declined in April 2023 as compared to March 2023.
Fuel & Power index, having weight of 13.15%, declined by 2.68% to 152.6 (provisional) in April 2023 from 156.8 (provisional) for the month of March 2023, as prices of coal, electricity and mineral oils declined in April 2023 as compared to March 2023.
Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, remained unchanged at 141.2 (provisional) in April 2023. Meanwhile, for the month of February 2023, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 150.9 and 3.85% respectively.
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