India's WPI inflation declines further to -0.92% in March 2023

The month-over-month change in WPI index in April 2023 remains unchanged as compared to March 2023.

“Decline in the rate of inflation in April 2023 is primarily contributed by fall in prices of basic metals, food products, mineral oils, textiles, non-food articles, chemical and chemical products, rubber and plastic products and paper and paper products,” 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 April 2023 remained steady at 150.9.

The index for manufactured products (weight 64.2 per cent) for April 2023 is stable at 141.2. The index for ‘Manufacture of Textiles’ sub-group increased to 137.4 from 136.8 in the previous month. The index for ‘Manufacture of Wearing Apparel’ decreased slightly to 149.8 from 150.0 in March.      

The index for primary articles (weight 22.62 per cent) increased to 177.3 in April 2023 from 175.0 in March. The index for fuel and power (weight 13.2 per cent) decreased to 152.6 from 156.8 in March 2023.

ALCHEMPro News Desk (KD)