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India’s wholesale inflation spikes sharply to 3.1% in January
Feb-14-2020

India’s Wholesale price index (WPI) inflation spiked sharply to 3.1 percent in the month of January 2020 as against 2.59 percent for the previous month and 2.76 percent during the corresponding month of the previous year. The uptick in inflation figures came on the back of sharp increase in fuel & power prices. Build up inflation rate in the financial year so far is 2.50 percent compared to a buildup rate of 2.49 percent in the corresponding period of the previous year.

Component wise, primary articles index having weight of 22.62 percent, declined by 1.1 percent to 147.2 (provisional) from 148.8 (provisional) for the previous month. Among the primary articles, the index for 'Food Articles' group declined by 1 percent to 160.8 (provisional) from 162.5 (provisional) for the previous month, the index for ' Non-Food Articles' group declined by 1.4 percent to 132.1 (provisional) from 134.0 (provisional) for the previous month, the index for 'Minerals' group declined by 7.2 percent to 142.6 (provisional) from 153.6 (provisional) for the previous month, while the index for 'Crude Petroleum & Natural Gas' group rose by 2.7 percent to 88.3 (provisional) from 86.0 (provisional) for the previous month.

Fuel & Power index, having weight of 13.15 percent, rose by 1.4 percent to 102.7 (provisional) from 101.3 (provisional) for the previous month.

Manufactured Products constituting the major portion of the index with weight of 64.23 percent, rose by 0.4 percent to 118.5 (provisional) from 118.0 (provisional) for the previous month. Among these, the index for 'Manufacture of Food Products' group rose by 1.2 percent to 138.2 (provisional) from 136.6 (provisional) for the previous month, the index for 'Manufacture Of Beverages' group rose by 0.5 percent to 124.0 (provisional) from 123.4 (provisional) for the previous month, the index for 'Printing And Reproduction Of Recorded Media' group rose by 0.8 percent to 151.5 (provisional) from 150.3 (provisional) for the previous month, the index for 'Manufacture Of Chemicals And Chemical Products' group rose by 0.1 percent to 116.3 (provisional) from 116.2 (provisional) for the previous month, the index for 'Manufacture of Basic Metals' group rose by 2.2 percent to 105.8 (provisional) from 103.5 (provisional) for the previous month, the index for 'Manufacture Of Electrical Equipment' group rose by 0.2 percent to 110.8 (provisional) from 110.6 (provisional) for the previous month, the index for 'Manufacture Of Motor Vehicles, Trailers And Semi-Trailers' group rose by 0.2 percent to 115.1 (provisional) from 114.9 (provisional) for the previous month and the index for 'Manufacture Of Other Transport Equipment' group rose by 0.3 percent to 118.7 (provisional) from 118.4 (provisional) for the previous month.

On the flip side, the index for 'Manufacture Of Tobacco Products' group declined by 1.2 percent to 151.0 (provisional) from 152.9 (provisional) for the previous month, the index for 'Manufacture Of Textiles' group declined by 0.4 percent to 116.4 (provisional) from 116.9 (provisional) for the previous month, the index for 'Manufacture Of Wearing Apparel' group declined by 0.8 percent to 138.0 (provisional) from 139.1 (provisional) for the previous month, the index for 'Manufacture Of Leather And Related Products' group declined by 0.5 percent to 118.3 (provisional) from 118.9 (provisional) for the previous month, the index for 'Manufacture Of Paper And Paper Products' group declined by 0.3 percent to 119.1 (provisional) from 119.5 (provisional) for the previous month, the index for 'Manufacture Of Pharmaceuticals, Medicinal Chemical And Botanical Products' group declined by 0.1 percent to 127.8 (provisional) from 127.9 (provisional) for the previous month.

Besides, the index for 'Manufacture Of Rubber And Plastics Products' group declined by 0.4 percent to 107.9 (provisional) from 108.3 (provisional) for the previous month, The index for 'Manufacture Of Other Non-Metallic Mineral Products' group declined by 0.3 percent to 115.5 (provisional) from 115.8 (provisional) for the previous month, The index for 'Manufacture Of Fabricated Metal Products, Except Machinery And Equipment' group declined by 0.2 percent to 115.4 (provisional) from 115.6 (provisional) for the previous month, The index for 'Manufacture Of Computer, Electronic And Optical Products' group declined by 0.3 percent to 109.7 (provisional) from 110.0 (provisional) for the previous month, The index for 'Manufacture Of Furniture' group declined by 0.2 percent to 129.7 (provisional) from 129.9 (provisional) for the previous month and the index for 'Other Manufacturing' group declined by 0.9 percent to 113.1 (provisional) from 114.1 (provisional) for the previous month.
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