India’s WPI inflation remains unchanged at 1.08% in August

India’s Wholesale price index (WPI) inflation remained unchanged at 1.08% in the month of August, as compared to July 2019 and 4.62% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.25% compared to a build up rate of 3.27% in the corresponding period of the previous year.

Component wise, primary articles index having weight of 22.62%, rose by 1.3% to 143.9 (provisional) from 142.1 (provisional) for the previous month. Among the primary articles, the index for 'Food Articles' group rose by 1.4% to 155.9 (provisional) from 153.7 (provisional) for the previous month, the index for ' Non-Food Articles' group rose by 0.9% to 129.9 (provisional) from 128.8 (provisional) for the previous month and the index for 'Crude Petroleum & Natural Gas' group rose by 1.4% to 88.1 (provisional) from 86.9 (provisional) for the previous month.

Fuel & Power index, having weight of 13.15%, rose by 0.1% to 100.7 (provisional) from 100.6 (provisional) for the previous month, on the back of rise in mineral oils prices.

Manufactured Products constituting the major portion of the index with weight of 64.23%, declined by 0.3% to 117.8 (provisional) from 118.1 (provisional) for the previous month. Among these, the index for 'Manufacture of Textiles' group declined by 0.8% to 118.3 (provisional) from 119.3 (provisional) for the previous month, the index for 'Manufacture of Wearing Apparel' group declined by 0.6% to 136.3 (provisional) from 137.1 (provisional) for the previous month, the index for 'Manufacture of Wood and of Products of Wood and Cork ' group declined by 0.1% to 134.1 (provisional) from 134.2 (provisional) for the previous month and the index for 'Manufacture of Paper and Paper Products' group declined by 0.7% to 121.5 (provisional) from 122.3 (provisional) for the previous month.

Besides, the index for 'Manufacture of Chemicals and Chemical Products' group declined by 0.4% to 118.3 (provisional) from 118.8 (provisional) for the previous month, the index for 'Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products' group declined by 0.6% to 125.4 (provisional) from 126.2 (provisional) for the previous month, the index for 'Manufacture of Rubber and Plastics Products' group declined by 0.9% to 108.2 (provisional) from 109.2 (provisional) for the previous month, the index for 'Manufacture of Basic Metals' group declined by 2.3% to 104.8 (provisional) from 107.3 (provisional) for the previous month and the index for 'Manufacture of Fabricated Metal Products, Except Machinery and Equipment' group declined by 0.6% to 114.1 (provisional) from 114.8 (provisional) for the previous month,

Also, the index for 'Manufacture of Computer, Electronic and Optical Products' group declined by 0.2% to 111.2 (provisional) from 111.4 (provisional) for the previous month, the index for 'Manufacture of Electrical Equipment' group declined by 0.2% to 111.1 (provisional) from 111.3 (provisional) for the previous month, the index for 'Manufacture of Machinery and Equipment' group declined by 0.4% to 113.1 (provisional) from 113.5 (provisional) for the previous month and the index for 'Manufacture of Motor Vehicles, Trailers and Semi-Trailers' group declined by 0.4% to 113.5 (provisional) from 114.0 (provisional) for the previous month

However, the index for 'Manufacture of Food Products' group rose by 1.1% to 132.4 (provisional) from 130.9 (provisional) for the previous month, the index for 'Manufacture of Beverages' group rose by 0.6% to 124.0 (provisional) from 123.2 (provisional) for the previous month, the index for 'Manufacture of Tobacco Products' group rose by 0.2% to 153.9 (provisional) from 153.6 (provisional) for the previous month, the index for 'Manufacture of Leather and Related Products' group rose by 0.8% to 119.3 (provisional) from 118.3 (provisional) for the previous month, the index for 'Printing and Reproduction of Recorded Media ' group rose by 0.6% to 151.0 (provisional) from 150.1 (provisional) for the previous month, the index for 'Manufacture of Other Transport Equipment' group rose by 1.0% to 117.6 (provisional) from 116.4 (provisional) for the previous month, the index for 'Manufacture of Furniture' group rose by 2.1% to 131.4 (provisional) from 128.7 (provisional) for the previous month and the index for 'Other Manufacturing' group rose by 1.8% to 110.3 (provisional) from 108.3 (provisional) for the previous month.