India’s WPI inflation eases further to 12.96% in January

India’s annual rate of inflation, based on monthly wholesale price index (WPI), eased further to 12.96 per cent (provisional) in January 2022, over January 2021. This is a continuous decline from 14.87 per cent in November 2021 and 13.56 per cent in December 2021. Compared to December 2021, the change in WPI index for January 2022 stood at 0.35 per cent.

“The high rate of inflation in January 2022 is primarily due to rise in prices of mineral oils, crude petroleum & natural gas, basic metals, chemicals and chemical products, food articles, etc as compared the corresponding month of the previous year,” 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 January 2022 increased to 142.9 from previous month’s 142.4.

India’s annual rate of inflation, based on monthly wholesale price index (WPI), eased further to 12.96 per cent (provisional) in January 2022, over January 2021. This is a continuous decline from 14.87 per cent in November 2021 and 13.56 per cent in December 2021. Compared to December 2021, the change in WPI index for January 2022 stood at 0.35 per cent.

The index for manufactured products (weight 64.23 per cent) for January 2022 increased to 137.1 from 136.4 for the month of December 2021. The index for ‘Manufacture of Textiles’ sub-group increased to 140.0 from previous month’s 139.1, while the index for ‘Manufacture of Wearing Apparel’ also increased slightly to 144.6 from 144.0 in December 2021.

The index for primary articles (weight 22.62 per cent) dropped to 165.0 in January 2022 from previous month’s 167.8. On the other hand, the index for fuel and power (weight 13.15 per cent) increased to 133.2 form 128.2 in December 2021.

Meanwhile, the all-India inflation rate for consumer price index (CPI) on base 2012=100 stood at 6.01 (provisional) in January 2022 compared to 5.66 (final) in December 2021 and 4.06 in January 2021, according to the National Statistics Office, under the ministry of statistics and programme implementation.

Fibre2Fashion News Desk (RKS)