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India’s WPI inflation slows down to 1.31% in August

17 Sep 2024 Evaluate

Amid easing prices of crude petroleum, natural gas and food articles, inflation based on wholesale price index (WPI) in India slowed down in the month of August 2024 to 1.31% from 2.04% in July. Mineral oils prices also decreased in the reported month.

The Component wise, primary articles index, having weight of 22.62%, declined 1.37% to 194.9 (provisional) in August 2024 from 197.6 (provisional) for the month of July 2024. Fuel & Power index, having weight of 13.15%, increased by 0.14% to 148.1 (provisional) in August 2024 from 147.9 (provisional) for the month of July 2024, as price of electricity increased . However, the price of coal witnessed no change in August 2024 as compared to July.

Further, Manufactured Products constituting the major portion of the index with weight of 64.23%, declined by 0.07% to 141.6 (provisional) in August 2024 from 141.7 (provisional) for the month of July 2024, as there was a decrease in prices of chemicals and chemical products, textiles etc. Meanwhile, for the month of June 2024 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 154.0 and 3.43% respectively.


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