The month-over-month change in WPI index for the month of November 2023 stood at 0.53 per cent as compared to October 2023.
India’s annual WPI inflation rate was 0.26 per cent in November 2023, a rise from -0.52 per cent in October 2023.
This increase was driven by higher prices in various sectors including food and minerals.
The overall WPI for all commodities rose to 152.9, with notable increases in indices for manufactured products, primary articles, and fuel and power.
“Positive rate of inflation in November 2023 is primarily due to increase in prices of food articles, minerals, machinery and equipment, computer, electronics and optical products, motor vehicles, other transport equipment and other manufacturing etc,” the Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry of commerce and industry, said.
The official WPI for all commodities (Base: 2011-12 = 100) for the month of November 2023 increased to 152.9 from previous month’s 152.1.
The index for manufactured products (weight 64.2 per cent) for November 2023 reached 140.4 from 140.3 in October. The index for ‘Manufacture of Textiles’ sub-group was recorded at 134.3, while the index for ‘Manufacture of Wearing Apparel’ was at 151.6.
The index for primary articles (weight 22.62 per cent) increased to 186.9 in November from 184.5 in October 2023, while that for fuel and power (weight 13.15 per cent) was 155.3 in November, up from 154.1 in October.
Fibre2Fashion News Desk (KD)
