Data Alert
WPI inflation rises to 2.37% in Dec from 1.89% in Nov
This story was originally published at 13:06 IST on 14 January 2025
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--India Dec WPI inflation rate at 2.37% vs 1.89% in Nov
--Informist poll estimated India Dec WPI inflation at 2.4%
--India Dec WPI food inflation at 8.89% vs 8.92% in Nov
--India Dec WPI primary articles inflation at 6.02% vs 5.49% in Nov
--India Dec WPI fuel and power inflation at -3.79% vs -5.83% in Nov
--India Dec WPI manufactured products inflation at 2.14% vs 2.00% in Nov
--India Dec WPI all commodity index down 0.4% on month
--India Dec WPI food index down 2.2% on month
--India Dec WPI primary articles index down 2.1% on month
--India Dec WPI fuel and power group index up 1.9% on month
--India Dec WPI manufactured products index unchanged from Nov
--India Dec WPI vegetable index down 13.2% on month
--India Dec WPI cereals index up 0.1% on month
--India Dec WPI edible oils index up 0.9% on month
--India Dec WPI basic metals index down 0.7% on month
--India Oct WPI inflation rate revised to 2.75% vs 2.36% provisional
--India Dec WPI core inflation rate at 0.7% vs 0.5% in Nov
NEW DELHI - India's WPI inflation rose to 2.37% in December from 1.89% in November mainly because of an unfavourable base effect, data released Tuesday by the commerce ministry showed. WPI inflation was 0.86% in December 2023.
At 2.37%, WPI inflation in December was in line with the consensus expectation. According to an Informist poll, WPI inflation was seen at 2.4% in December. The October print of WPI inflation was revised higher to 2.75% from the provisional print of 2.36%.
The all commodity index was down 0.4% on month in December, pulled down by a 2.1?cline in the primary articles index from November and a 2.2?ll in the food index.
Within food, the deceleration was led by the vegetables index, which fell 13.2% on month in December. The fall in vegetable prices was led by tomatoes and onions, which sequentially fell 18.6% and 17.9%, respectively, in December. Additionally, wholesale potato prices declined 4.6% on month in December. Apart from vegetables, prices of pulses also fell in December, down 3.0% from the previous month.
Manufactured products inflation rose slightly to 2.14% in December from 2.00% in November, while the index remained unchanged from the previous month.
Fuel and power inflation rose to (-)3.79% in December from (-)5.83% in the previous month. The index rose 1.9% sequentially last month.
Wholesale core inflation, which excludes food and fuel items, rose to a five-month high of 0.7% in December from 0.5% in November.
"The prices of major vegetables, such as tomato, onion and potato, have declined quite sharply on a sequential basis in January so far," Rahul Agrawal, senior economist at ICRA, said. "However, the relatively lower weight of vegetables in the WPI vis-a-vis the CPI, would limit the benefits on this account to the headline WPI inflation in the month." ICRA expects the headline WPI inflation to rise further to around 3.0% in January.
The following table details the sequential and annual increase in the main components of the WPI:
| Weight | December | Month-on-month | Year-on-year change (in %) | ||
| change (in %) | December | November | |||
| ALL COMMODITIES | 100.00 | 155.4 | (-)0.4 | 2.37% | 1.89% |
| PRIMARY ARTICLES | 22.62 | 193.8 | (-)2.1 | 6.02% | 5.49% |
| Food articles | 15.26 | 207.4 | (-)3.1 | 8.47% | 8.63% |
| Cereals | 2.82 | 211.5 | 0.1 | 6.82% | 7.81% |
| Pulses | 0.64 | 224.0 | (-)3.0 | 5.02% | 5.97% |
| Vegetables | 1.87 | 288.7 | (-)13.2 | 28.65% | 28.57% |
| Potato | 0.28 | 366.7 | (-)4.6 | 93.20% | 82.79% |
| Onion | 0.16 | 414.1 | (-)17.9 | 16.81% | 2.85% |
| Tomato | 0.28 | 346.4 | (-)18.6 | 36.16% | 29.46% |
| Fruits | 1.60 | 193.3 | (-)5.1 | 11.16% | 8.41% |
| Milk | 4.44 | 185.8 | 0.3 | 2.26% | 2.09% |
| Eggs, meat, and fish | 2.40 | 174.7 | 0.9 | 5.43% | 3.16% |
| Non-food articles | 4.12 | 166.3 | 2.5 | 2.46% | (-)0.98% |
| Oil seeds | 1.12 | 182.8 | (-)1.7 | (-)1.35% | 0.49% |
| Minerals | 0.83 | 229.6 | 0.5 | 5.47% | 5.89% |
| Iron ore | 0.21 | 143.3 | 4.3 | 15.10% | 15.95% |
| Crude petroleum | 1.95 | 119.5 | (-)3.9 | (-)6.86% | (-)7.72% |
| FUEL and POWER | 13.15 | 149.9 | 1.9 | (-)3.79% | (-)5.83% |
| Coal | 2.14 | 135.6 | 0.1 | (-)0.44% | (-)0.88% |
| Liquefied petroleum gas | 0.64 | 124.6 | 0.8 | 2.47% | 1.81% |
| Petrol | 1.60 | 149.2 | 0.3 | (-)5.09% | (-)6.83% |
| High speed diesel | 3.10 | 164.6 | 0.1 | (-)4.30% | (-)5.68% |
| Electricity | 3.06 | 149.4 | 8.8 | (-)4.96% | (-)13.32% |
| MANUFACTURED PRODUCTS | 64.23 | 143.0 | 0.0 | 2.14% | 2.00% |
| Food products | 9.12 | 176.7 | (-)0.3 | 9.68% | 9.44% |
| Edible oils | 2.64 | 183.7 | 0.9 | 30.47% | 27.99% |
| Textiles | 4.88 | 136.9 | 0.7 | 2.39% | 1.27% |
| Chemical, chemical products | 6.47 | 136.4 | 0.2 | 0.52% | 0.07% |
| Non-metallic mineral products | 3.20 | 131.3 | 0.5 | (-)3.03% | (-)2.97% |
| Cement and lime | 1.64 | 129.5 | 0.7 | (-)6.77% | (-)6.47% |
| Basic metals | 9.65 | 137.6 | (-)0.7 | (-)1.43% | (-)1.14% |
| Semi-finished steel | 1.27 | 116.9 | (-)0.7 | (-)0.76% | (-)0.51% |
End
Reported by Shubham Rana
Edited by Vandana Hingorani
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