India's WPI inflation declines further to 1.34% in March 2023

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

“Decline in the rate of inflation in March 2023 is primarily contributed by fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber and plastic products, crude petroleum and natural gas 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 March 2023 remained steady at 150.9.

The index for manufactured products (weight 64.2 per cent) for March 2023 decreased to 141.2 from 141.6 for the month of February 2023. The index for ‘Manufacture of Textiles’ sub-group decreased to 136.8 from previous month’s 137.4. The index for ‘Manufacture of Wearing Apparel’ increased from 149.7 in the previous month to 150.0 in March.

The index for primary articles (weight 22.62 per cent) increased to 175.0 in March 2023 from 173.0 in February. The index for fuel and power (weight 13.2 per cent) decreased to 156.8 from 158.8 in February 2023.

ALCHEMPro News Desk (KD)