Inflation based on wholesale price index (WPI) surged to a nine-month high of 0.73 percent in December 2023 as against 0.26 percent in November 2023, due to increase in prices of electricity, machinery & equipment, pharmaceuticals, medicinal chemical & botanical products and electrical equipment.
The Component wise, primary articles index, having weight of 22.62%, declined 2.14% to 182.9 (provisional) in December 2023 from 186.9 (provisional) for the month of November 2023, on the back of fall in Prices of Non-food Articles, Minerals, Food Articles and Crude Petroleum & Natural Gas.
Fuel & Power index, having weight of 13.15%, declined 0.71% to 154.2 (provisional) in December 2023 from 155.3 (provisional) for the month of November 2023, as Prices of Mineral Oils declined in December 2023 as compared to November, 2023. However, Prices of Electricity increased in December 2023 as compared to November 2023.
Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, decreased by 0.21% to 140.1 (provisional) in December 2023 from 140.4 (provisional) for the month of November 2023. Meanwhile, for the month of October, 2023 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 152.5 and (-) 0.26% respectively.
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