The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of October, 2020 (Provisional) and for the month of August, 2020 (Final) in this press release. Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day), with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.

INFLATION

The rate of inflation, based on monthly WPI, stood at 1.48% (provisional) for the month of October, 2020 (over October, 2019), as compared to 0.00 % during the corresponding month of the previous year.

All Commodities/Major Groups	Weight    (%)	Aug-20 (F)		Sept-20 (P)		Oct-20 (P)
		Index	Inflation	Index	Inflation	Index	Inflation
ALL COMMODITIES	100.0	122.0	0.41	122.9	1.32	123.8	1.48
I PRIMARY ARTICLES	22.6	146.7	1.88	150.3	5.10	152.4	4.74
II FUEL & POWER	13.2	92.0	-9.09	91.0	-9.54	91.1	-10.95
III MANUFACTURED PRODUCTS	64.2	119.4	1.36	119.8	1.61	120.3	2.12
FOOD INDEX	24.4	154.3	4.75	157.6	6.92	159.3	5.78

Note: P: Provisional, F: Final, * Rate of Inflation calculated over corresponding month of last year.

 

The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 22.62%)

The index for this major group increased by 1.40% to 152.4 (provisional) in October, 2020 from 150.3 (provisional) for the month of September, 2020. Prices of Non-food Articles (2.37%), Food Articles (1.37%) and Minerals (0.66%) increased in October, 2020 compared to September, 2020. Prices of crude petroleum & natural gas remain unchanged.

FUEL & POWER (Weight 13.15%)

The index for this major group increased by (0.11%) to 91.1 (provisional) in October, 2020  from 91.0 (provisional) for the month of September, 2020. Prices of Electricity (4.26%) increased in October, 2020 compared to September, 2020. Prices of Mineral Oils (-1.93%) declined in October, 2020 compared to September, 2020. Prices of coal remain unchanged.

MANUFACTURED PRODUCTS (Weight 64.23%)

The index for this major group increased by (0.42%) to 120.3 (provisional) in October, 2020 from 119.8 (provisional) for the month of September, 2020. Out of the 22 NIC two-digit groups for Manufactured products, 13 groups that have witnessed increase in prices, are manufacture of food products; textiles; wearing apparel; printing and reproduction of recorded media; chemicals and chemical products; pharmaceuticals, medicinal chemical and botanical products; rubber and plastics products; basic metals; fabricated metal products, except machinery and equipment; electrical equipment; machinery and equipment; other transport equipment; and furniture in October, 2020 as compared to September, 2020. Whereas 9 groups that have witnessed decrease in prices are manufacture of beverages; tobacco products; leather and related products; wood and of products of wood and cork; paper and paper products; other non-metallic mineral products; computer, electronic and optical products; motor vehicles, trailers and semi-trailers; and other manufacturing in October, 2020 as compared to September, 2020.

WPI FOOD INDEX (Weight 24.38%)

The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group have increased from 157.6 in September, 2020 to 159.3 in October, 2020. The rate of inflation based on WPI Food Index decreased from 6.92% in September, 2020 to 5.78% in October, 2020.

FINAL INDEX FOR THE MONTH OF AUGUST, 2020 (BASE YEAR:2011-12=100)

For the month of August, 2020 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 122.0 and 0.41% respectively.

 

Note:

1. The WPI for October 2020, have been compiled at a weighted response rate of 78 percent, while the final figure for August, 2020 is based on the weighted response rate of 91 percent. The provisional figures of WPI will undergo revision as per the final revision policy of WPI.

2. Price Data are collected from selected institutional sources and industrial establishments spread across the country online through web based portal maintained by the National Informatics Centre (NIC).

 

Annexure-I

All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for October, 2020

Commodities/Major Groups/Groups/Sub-Groups/Items Weight Index(Latest Month)* Latest month over month Cumulative Inflation (YoY) WPI Based rate of Inflation (YoY) 2019-2020 2020-2021* 2019-2020 2020-2021* October 2019 October 2020* ALL COMMODITIES 100 123.8 0.58 0.73 1.52 -0.54 0.00 1.48 I. PRIMARY ARTICLES 22.62 152.4 1.75 1.40 6.20 1.47 6.05 4.74 A. Food Articles 15.26 170.4 3.09 1.37 7.56 4.47 9.80 6.37 Cereals 2.82 155.5 0.37 -1.02 8.35 -0.08 8.32 -5.24 Paddy 1.43 163.7 0.49 -0.43 3.22 2.90 4.50 0.61 Wheat 1.03 147.4 1.33 -1.73 6.02 0.79 6.15 -8.10 Pulses 0.64 169.6 0.69 3.73 18.06 12.25 16.57 15.93 Vegetables 1.87 284.9 19.11 9.24 24.03 9.34 38.97 25.23 Potato 0.28 388.4 9.74 9.78 -21.92 77.98 -19.60 107.70 Onion 0.16 387.1 8.55 72.27 47.15 -8.39 119.84 8.49 Fruits 1.6 149.1 -1.02 -1.00 4.50 -1.12 2.72 -3.87 Milk 4.44 154.3 0.34 0.33 1.52 5.14 1.46 5.54 Eggs, Meat & Fish 2.4 148.0 0.62 -1.79 6.42 3.73 7.61 1.65 B. Non-Food Articles 4.12 129.7 -0.55 2.37 4.34 -2.02 2.19 2.85 Oil Seeds 1.12 158.0 -2.01 1.61 8.83 2.76 10.03 4.36 C. Minerals 0.83 167.6 -0.78 0.66 17.97 4.04 9.40 9.11 D. Crude Petroleum 1.95 62.1 -4.52 0.00 -14.56 -28.82 -27.08 -13.63 II. FUEL & POWER 13.15 91.1 1.69 0.11 -2.74 -13.11 -8.09 -10.95 LPG 0.64 75.4 1.66 1.34 -11.72 -7.29 -30.78 2.86 Petrol 1.6 73.6 1.77 -0.94 -5.18 -18.84 -10.95 -14.62 HSD 3.1 75.8 1.39 -2.94 -3.31 -20.92 -9.53 -20.13 III. MANUFACTURED PRODUCTS 64.23 120.3 -0.08 0.42 0.46 0.80 -0.93 2.12 Mf/o Food Products 9.12 140.7 0.37 0.50 2.35 4.94 3.78 4.53 Vegetable And Animal Oils and Fats 2.64 140.5 0.78 2.78 -4.65 15.58 -1.85 20.50 Mf/o Beverages 0.91 123.8 -0.56 -0.64 2.87 1.32 1.48 0.49 Mf/o Tobacco Products 0.51 155.3 -0.13 -1.65 2.60 2.19 3.00 0.58 Mf/o Textiles 4.88 114.7 -0.26 1.15 1.18 -3.67 -1.59 -2.22 Mf/o Wearing Apparel 0.81 138.2 -0.29 0.07 -0.63 -0.31 0.00 -0.14 Mf/o Leather and Related Products 0.54 118.0 -0.08 -0.08 -2.85 -0.90 -2.79 -0.42 Mf/o Wood And of Products of Wood and Cork 0.77 133.5 -0.30 -0.82 1.21 -0.44 0.91 -0.15 Mf/o Paper and Paper Products 1.11 119.2 -0.50 -0.50 -0.27 -1.64 -3.69 -0.75 Mf/o Chemicals and Chemical Products 6.47 116.8 -0.51 0.69 0.19 -2.28 -2.82 -0.26 Mf/o Pharmaceuticals, Medicinal Chemical And Botanical Products 1.99 131.0 0.79 1.39 2.95 3.22 2.92 3.31 Mf/o Rubber and Plastics Products 2.3 109.7 0.18 0.92 -0.30 -0.88 -1.36 1.20 Mf/o other Non-Metallic Mineral Products 3.2 116.5 -1.28 -0.26 1.43 0.10 -0.09 0.95 Cement, Lime and Plaster 1.64 119.1 -1.42 -0.67 5.64 0.95 4.60 0.76 Mf/o Basic Metals 9.65 108.9 -0.96 0.93 -5.09 -0.92 -9.93 5.32 Mild Steel – Semi Finished Steel 1.27 97.3 -0.75 0.00 -5.08 0.95 -8.30 4.85 Mf/o Fabricated Metal Products, Except Machinery and Equipment 3.15 114.4 -0.17 0.97 1.28 -1.86 -0.78 -0.61 Note: * = Provisional, Mf/o = Manufacture of, YoY= Year on year.

 

 

                                                                                                                                              Annexure-II

Commodities/Major Groups/Groups/Sub-Groups/Items Weight WPI based inflation figures for last 6 months May-20 Jun-20 Jul-20 Aug-20  Sept-20*  Oct-20* ALL COMMODITIES 100 -3.37 -1.81 -0.25 0.41 1.32 1.48 I. PRIMARY ARTICLES 22.62 -2.14 -0.07 1.61 1.88 5.10 4.74 A. Food Articles 15.26 1.66 2.10 4.54 4.42 8.17 6.37 Cereals 2.82 3.56 2.72 0.69 -1.60 -3.91 -5.24 Paddy 1.43 3.49 4.55 3.69 2.86 1.54 0.61 Wheat 1.03 7.17 5.11 2.54 -1.47 -5.24 -8.10 Pulses 0.64 12.54 10.10 10.24 9.86 12.53 15.93 Vegetables 1.87 -12.25 -9.21 8.20 7.23 36.54 25.23 Potato 0.28 52.56 56.20 69.07 83.44 107.63 107.70 Onion 0.16 5.81 -15.27 -25.56 -34.44 -31.64 8.49 Fruits 1.6 0.86 2.31 -3.03 -0.25 -3.89 -3.87 Milk 4.44 5.58 4.40 4.68 4.39 5.56 5.54 Eggs, Meat & Fish 2.4 2.08 4.45 5.27 6.23 4.15 1.65 B. Non-Food Articles 4.12 -3.92 -2.80 -3.81 -3.31 -0.08 2.85 Oil Seeds 1.12 3.92 3.20 2.66 2.70 0.65 4.36 C. Minerals 0.83 -1.63 8.41 1.77 5.81 7.56 9.11 D. Crude Petroleum 1.95 -46.27 -25.17 -19.74 -15.40 -17.53 -13.63 II. FUEL & POWER 13.15 -23.08 -16.24 -9.84 -9.09 -9.54 -10.95 LPG 0.64 -28.63 -19.96 -5.72 6.15 3.19 2.86 Petrol 1.6 -30.27 -22.34 -14.22 -13.66 -12.28 -14.62 HSD 3.1 -34.89 -24.55 -15.02 -14.33 -16.56 -20.13 III. MANUFACTURED PRODUCTS 64.23 -0.34 0.08 0.59 1.36 1.61 2.12 Mf/o Food Products 9.12 4.77 5.12 4.95 5.51 4.40 4.53 Vegetable And Animal Oils and Fats 2.64 11.34 14.32 15.85 17.73 18.15 20.50 Mf/o Beverages 0.91 2.20 1.78 1.05 1.29 0.56 0.49 Mf/o Tobacco Products 0.51 4.83 2.99 3.34 -0.58 2.13 0.58 Mf/o Textiles 4.88 -3.68 -4.86 -5.05 -4.32 -3.57 -2.22 Mf/o Wearing Apparel 0.81 0.07 -0.51 -0.94 -0.07 -0.50 -0.14 Mf/o Leather and Related Products 0.54 -0.76 -0.84 -0.51 -0.92 -0.42 -0.42 Mf/o Wood And of Products of Wood and Cork 0.77 -1.19 -0.30 -0.52 -0.52 0.37 -0.15 Mf/o Paper and Paper Products 1.11 -1.79 -1.71 -1.80 -1.98 -0.75 -0.75 Mf/o Chemicals and Chemical Products 6.47 -3.59 -2.77 -2.11 -1.78 -1.44 -0.26 Mf/o Pharmaceuticals, Medicinal Chemical And Botanical Products 1.99 2.39 2.86 3.75 3.40 2.70 3.31 Mf/o Rubber and Plastics Products 2.3 -1.83 -1.46 -1.65 -0.65 0.46 1.20 Mf/o other Non-Metallic Mineral Products 3.2 -0.25 0.00 -0.17 -0.09 -0.09 0.95 Cement, Lime and Plaster 1.64 0.98 0.08 1.08 1.52 0.00 0.76 Mf/o Basic Metals 9.65 -5.75 -4.51 -2.90 1.82 3.35 5.32 Mild Steel – Semi Finished Steel 1.27 -2.69 -1.87 0.00 4.38 4.06 4.85 Mf/o Fabricated Metal Products, Except Machinery and Equipment 3.15 -3.59 -2.07 -1.39 -1.92 -1.73 -0.61 * = Provisional, Mf/o = Manufacture of

 

 

Annexure-III

* = Provisional, Mf/o = Manufacture of