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Wholesale Price Index (WPI) November 2019

  Jul 21, 2020

Wholesale Price Index (WPI) November 2019


What is WPI? Discuss the latest data and trends.

  1. The Wholesale Price Index (WPI)-based inflation, base year 2011-12, rebounded to 3-months high of 0.6% in November 2019.
  2. It was falling consistently for last six straight months to 0.2% in October from 3.2% in April 2019.
  3. Among the three major sub-groups(Primary products, Manufacturing and electricity), the inflation for primary articles and fuel and power increased, while inflation for manufactured products group was steady in November 2019. 
  4. Inflation of primary articles increased to 7.7% in November 2019 from 6.4% in October 2019. The inflation for fuel and power group inflation increased to (-) 7.3% and the manufactured products inflation was steady at (-) 0.8% in November 2019.
  5. The core inflation (manufactured products excluding foods products) slipped further down into sub-zero level to (-) 1.9% in November 2019 from (-) 1.6% in October 2019.
  6. As per major commodity group-wise, inflation increased for vegetables, crude petroleum & natural gas, food products, electricity, floriculture, mineral oils, motor vehicles, trailers and semi-trailers, basic metals, fruits, condiments & spices, eggs, meat & fish, fabricated metal products, except machinery and equipment, other non-food articles, milk, pulses etc. 
  7. On the other hand, inflation of metallic minerals, chemicals and chemical products, oil seeds, fibres, machinery and equipment, other manufacturing, electrical equipment, textiles, rubber and plastics products, wood and of products of wood and cork, other food articles, paper and paper products, cereals, other non-metallic mineral products, other minerals, tobacco products, pharmaceuticals, medicinal chemical and botanical products etc declined in November 2019.