WPI inflation rate of India declines to 8.39% in Oct

ENA Economy 2022-11-14 10:00:38 New Delhi, Nov 14 (KNN) The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 8.39% (Provisional) for the month of October, 2022 (over October, 2021) against 10.70% recorded in September, 2022. <a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a> Decrease in the rate of inflation in October, 2022 is primarily contributed by fall in the price of mineral oils, basic metals, fabricated metal products, except machinery and equipment; textiles; other non-metallic mineral products; minerals etc, said the official statement. The month over month change in WPI index for the month of October, 2022 stood at 0.26 % as compared to September, 2022. The index for primary articles increased by 2.72% to 181 (provisional) in October, 2022 from 176.2 (provisional) for the month of September, 2022. Prices of Crude Petroleum & Natural Gas (17.48%) and Food Articles (2.03%) increased in October, 2022 as compared to September, 2022. Prices of Non-food Articles (-0.53%) and Minerals (-3.78%) declined in October, 2022 as compared to September, 2022. The index for Fuel & Power declined by 1.65% to 155.2 (provisional) in October, 2022 from 157.8 (provisional) for the month of September, 2022. Prices of Coal (2.60%) increased in October, 2022 as compared to September, 2022. Prices of Mineral Oils (3.09%) declined in October, 2022 as compared to September, 2022. Prices of electricity remain unchanged. The index for Manufactured Products declined by 0.42% to 141.9 (provisional) in October, 2022 from 142.5 (provisional) for the month of October, 2022. Out of the 22 NIC two-digit groups for manufactured products, 6 groups that have witnessed an increase in prices while 14 groups have witnessed a decrease in prices. Index of 2 groups remained unchanged. The increase in price is mainly contributed by printing and reproduction of recorded media; other transport equipment; rubber and plastic products; pharmaceuticals, medicinal chemical and botanical products; computer, electronic and optical products etc. Some of the groups that have witnessed decrease in prices are basic metals; fabricated metal products, except machinery and equipment; textiles; other non-metallic mineral products, motor vehicles, trailers and semi-trailers in October, 2022 as compared to September, 2022. (KNN Bureau) 31187 https://knnindia.co.in/news/newsdetails/economy/wpi-inflation-rate-of-india-declines-to-839-in-oct 2022-11-14 10:00:38 knnindia.co.in WPI inflation rate of India declines to 8.39% in Oct