The office of the Economic Adviser, Department for Promotion of Industry and Internal Trade, has released index numbers of wholesale price in India for the month of August, 2020 (Provisional) and for the month of June, 2020 (Final). 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. After 10 weeks, the index is finalised and final figures are released and then frozen thereafter.
Inflation
The annual rate of inflation, based on monthly WPI, stood at (0.16 per cent) (Provisional) for the month of August, 2020 (over August, 2019) as compared to 1.17 per cent during the corresponding month of the previous year.
WPI based Indices and Annual Rate of Inflation (%)*
| WPI based Indices and Annual Rate
of Inflation (%)* |
| |
|
Jun-20 (F) |
Jul-20 (P) |
Aug-20 (P) |
| All |
Weight |
| Commodities/Major Groups |
(%) |
| |
|
Index |
Inflation |
Index |
Inflation |
Index |
Inflation |
| |
|
|
|
|
| ALL COMMODITIES |
100 |
119.3 |
-1.81 |
120.6 |
-0.58 |
121.7 |
0.16 |
| I. PRIMARY ARTICLES |
22.6 |
140.9 |
-0.07 |
143.7 |
0.63 |
146.3 |
1.6 |
| |
|
|
|
|
|
|
|
| II. FUEL & POWER |
13.2 |
85.6 |
-16.24 |
90.7 |
-9.84 |
91.4 |
-9.68 |
| |
|
|
|
|
|
|
|
| III MANU FACTURED PRODUCTS |
64.2 |
118.6 |
0.08 |
118.6 |
0.51 |
119.3 |
1.27 |
| FOOD INDEX |
24.4 |
148.7 |
3.12 |
152 |
4.32 |
153.3 |
4.07 |
The movement of the index for the various commodity groups is summarised below:
Primary Articles (Weight 22.62 per cent)
The index for this major group increased by (1.81 per cent) to 146.3 (provisional) in August, 2020 from 143.7 (provisional) for the month of July, 2020. Prices of Minerals (10.21 per cent), Crude Petroleum and Natural Gas (4.72 per cent), Non-food Articles (3.06 per cent) and Food Articles (0.93 per cent) increased as compared to July, 2020.
Manufactured Products (Weight 64.23 per cent)
The index for this major group increased by (0.59 per cent) to 119.3 (provisional) in August, 2020 from 118.6 (provisional) for the month of July, 2020. Out of the 22 NIC two-digit groups for Manufactured products, 11 groups that have witnessed increase in prices are manufacture of food products; beverages and so on.
WPI Food Index (Weight 24.38 per cent)
The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have increased from 152.0 in July, 2020 to 153.3 in August, 2020. The annual rate of inflation based on WPI Food Index decreased from 4.32 per cent in July, 2020 to 4.07 per cent in August, 2020.
Final Index for the Month of June, 2020 (Base Year: 2011-12=100)
For the month of June 2020, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 119.3 and WPI based rate of inflation stood at -1.81 per cent.