India’s WPI inflation eases slightly to 13.56% in December

0
264

[ad_1]



India’s annual rate of inflation, based on monthly wholesale price index (WPI), eased slightly to 13.56 per cent (provisional) in December 2021, over December 2020. In November, WPI inflation stood at 12-year high of 14.23 per cent (provisional), and at 13.83 (final) in October. WPI inflation was 1.95 per cent in December 2020 over the same month of 2019.

“The high rate of inflation in December 2021 is primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, chemicals and chemical products, food products, textile and paper and paper products, etc as compared to the corresponding month of the previous year,” 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 December 2021 decreased to 142.4 from previous month’s 142.9.

India’s annual rate of inflation, based on monthly wholesale price index (WPI), eased slightly to 13.56 per cent (provisional) in December 2021, over December 2020. In November, WPI inflation stood at 12-year high of 14.23 per cent (provisional), and at 13.83 (final) in October. WPI inflation was 1.95 per cent in December 2020 over the same month of 2019.

The index for manufactured products (weight 64.23 per cent) for December 2021 increased to 136.4 from 136.1 for the month of November 2021. The index for ‘Manufacture of Textiles’ sub-group increased to 139.1 from previous month’s 137.1, while the index for ‘Manufacture of Wearing Apparel’ decreased slightly to 144.0 from 144.6 in November 2021.

The index for primary articles (weight 22.62 per cent) dropped to 167.8 in December 2021 from previous month’s 168.6. The index for fuel and power (weight 13.15 per cent) too decreased to 128.2 from 131.7 in November 2021.

Meanwhile, the all-India inflation rate for consumer price index (CPI) on base 2012=100 stood at 4.59 (provisional) in December 2021 compared to 4.91 (final) in November 2021 and 5.59 in December 2020, according to the National Statistics Office, under the ministry of statistics and programme implementation.

Fibre2Fashion News Desk (RKS)



[ad_2]

Source link