Inflation based on wholesale price index (WPI) in India jumped in the month of October 2024 to 2.36% from 1.84% in September 2024, due to increase in prices of food articles, crude petroleum & natural gas and electricity.
The Component wise, primary articles index, having weight of 22.62%, surged by 2.35% to 200.3 (provisional) in October,2024 from 195.7 (provisional) for the month of September 2024, on account of rise in prices of food articles and crude petroleum & natural gas in the reported month. However, the prices of minerals and non-food articles declined in October 2024 as compared to September 2024.
Fuel & Power index, having weight of 13.15%, declined by 0.27% to 146.5 (provisional) in October 2024 from 146.9 (provisional) for the month of September 2024, as prices of mineral oils and coal decreased in October 2024 as compared to September 2024. But, price of electricity witnessed surge in October 2024.
Further, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by 0.49% to 142.5 (provisional) in October 2024 from 141.8 (provisional) for the month of September 2024. Meanwhile, for the month of August 2024, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 154.4 and 1.25% respectively.
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