WPI Inflation at 13 months high
- Wholesale Inflation in India increased to 14.2% in the November month 2021 as compared to 2.29% in November 2020.
- This was the eight successive month, that saw wholesale inflation inflation in double digits.
- This was also the highest wholesale inflation since 1991.
Highlights of the November Data
Core Inflation: It moved to a record high of 12.3% in the month of November
It indicates that the manufactures are passing on the higher input cost to the consumers.
Fuel and power inflation has also increased to an all time high of 39.8% due to the increase in the oil prices like petrol, diesel etc.
Primary food inflation also increased to a 13 month high of 4.9% in November due to the increase in the prices of vegetables, eggs, fish meats and spices.
The WPI inflation data is released by the Ministry of Commerce and Industry, Government of India.
It refers to the continuous increase in the price of goods and services over a period of time.
Inflation is measured in India on two indexes.CPI and WPI.
Consumer Price Index(CPI) :
Wholesale Price Index(WPI)
A wholesale price index (WPI) is an index that measures and tracks the changes in the price of goods in the stages before the retail level. This refers to goods that are sold in bulk and traded between entities or businesses (instead of between consumers).
The commodities which are included in the WPI are grouped in 4 major groups
All Commodities weight%
All commodities 100%
A separate fourth Index, Food Index has been made which has a weightage of 24.38 % in the WPI index. It includes: The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group.
Primary Articles : It includes both Food article and Non Food articles
Food articles includes wheat,rice,pulses, vegetables,etc
Non-food articles include crude oil, minerals, natural gas, oil seeds etc.
Fuel and Powers: It includes coals, diesel, petrol, electricity etc.
Manufactured products include: It includes industrial products like chemical products, textile, paper products etc.
Whenever government refers to:
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