The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final) in this press release. Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.
The annual rate of inflation, based on monthly WPI, stood at (-1.81%) (provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.
|WPI based Indices and Annual Rate of Inflation (%)*|
|All Commodities/Major Groups||Weight (%)||Apr-20 (F)||May-20 (P)||June-20 (P)|
|I. Primary Articles||22.6||137.8||-1.08||136.2||-2.92||139.3||-1.21|
|II. Fuel & Power||13.2||89.8||-12.65||83.7||-19.83||88.3||-13.60|
|III. Manufactured Products||64.2||118.7||0.17||118.1||-0.42||118.6||0.08|
|WPI Food Index||24.4||147.7||4.38||146.1||2.31||148.6||3.05|
Note: P: Provisional, F: Final, * Annual Rate of Inflation calculated over corresponding month of last year.
The movement of the index for the various commodity groups is summarized below:-
PRIMARY ARTICLES (Weight 22.62%)
The index for this major group increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (-1.72 %) declined as compared to May 2020
FUEL & POWER (Weight 13.15%)
The index for this major group increased by (5.50%) to 88.3 (provisional) in June 2020 from 83.7 (provisional) for the month of May, 2020. Prices of Mineral oils group (12.54%) increased compared to month of May, 2020. Prices of Coal and Electricity remain unchanged.
MANUFACTURED PRODUCTS (Weight 64.23%)
The index for this major group increased by (0.42%) to 118.6 (provisional) in June 2020 from 118.1 (provisional) for the month of May, 2020. Out of the 22 NIC two-digit groups of Manufactured products, 13 groups that have witnessed increasein prices are manufacture of food products;printing and reproduction of recorded media; wearing apparel; chemicals and chemical products; pharmaceuticals, medicinal chemical and botanical products; rubber and plastics products; other non-metallic mineral products; basic metals; fabricated metal products, except machinery and equipment; electrical equipment; motor vehicles, trailers and semi-trailers; other transport equipment; other manufacturingin June as compared to May, 2020. Whereas the groups that witnessed decreasein prices were manufacture of beverages; tobacco products; textiles; leather and related products; wood and of products of wood and cork; paper and paper products; machinery and equipment and furniturein June as compared to May, 2020. While the Manufacture of computer, electronic and optical products remained unchanged in June compared to May, 2020.
The figures of WPI for June, 2020 have been compiled at a response rate of around 70 percent. These provisional figures of WPI will undergorevision as per the final revision policy of WPI.
WPI FOOD INDEX (Weight 24.38%)
The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Products’ from Manufactured Products group have provisionally increased from 146.1in May, 2020 to 148.6in June, 2020. The annual rate of inflation based on WPI Food Index increased from 2.31% in May, 2020 to 3.05% in June, 2020.
FINAL INDEX FOR THE MONTH OF APRIL, 2020 (BASE YEAR:2011-12=100)
For the month of April, 2020 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 119.2 and WPI based rate of inflation stood at (-1.57%).Indices for the month of April 2020 are finalized in the light of improved response rate from the selected sources.
Note: Price Data are collected from selected institutional sources and industrial establishments spread across the country online through web based portal maintained by the National Informatics Centre (NIC).
Next date of press release: 14/08/2020 for the month of July, 2020
All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for June,2020