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India’s WPI remains negative for sixth straight month in September

16 Oct 2023 Evaluate

India’s inflation based on wholesale price index (WPI) remained in the deflationary zone for the sixth straight month at (-) 0.26% for the month of September 2023 as against (-) 0.52% recorded in August 2023. Deflation in the reported month is primarily due to fall in prices of coal, minerals, textiles, basic metals and food products as compared to the corresponding month of previous year.

The Component wise, primary articles index, having weight of 22.62%, declined 3.80% to 182.4 (provisional) in September 2023 from 189.6 (provisional) in August 2023. Prices of Crude Petroleum & Natural Gas and Non-food Articles increased in September 2023 as compared to August, 2023. Prices of Minerals and Food Articles declined in September 2023 as compared to August 2023.

Fuel & Power index, having weight of 13.15%, increased 2.34% to 153.1 (provisional) in September 2023 from 149.6 (provisional) in August 2023. Prices of Mineral Oils and Electricity increased in September 2023 as compared to August 2023, while prices of Coal declined in September 2023 as compared to August 2023.

Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by 0.36% to 140.3 (provisional) in September 2023 from 139.8 (provisional) in August 2023. Meanwhile, for the month of July, 2023, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 152.1 and (-) 1.23% respectively.


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