WPI Inflation Rate Declines to 0.33% in September, Down by 2.91% Since April 2019
WPI inflation rate declines for essential commodities. (Photo Credit: Pixabay)

New Delhi, October 14: The Wholesale Price Index (WPI) for 'all commodities' for September 2019 declined by 0.1 percent to 121.3 from 121.4 in the previous month, while the rate of inflation for September 2019 stood at 0.33 percent in comparison to 1.08 percent in August 2019. Earlier the inflation rate -- based on monthly WPI -- was at 5.22 percent during September 2018. The latest data was released by the Union Ministry of Commerce & Industry on Monday in their monthly review.

According to the government statistics, the build up inflation rate in the financial year (FY 2019-20) so far was 1.17 percent compared to a build up rate of 3.96 percent in FY 2018-19. Among the minutes shared by the government, the index for 'food articles' group declined by 0.4 percent to 155.3 -- provisional -- from 155.9 for August 2019, while for 'non-food articles' group, the WPI declined by 2.5 percent to 126.7 from 129.9 for August 2019. Nirmala Sitharaman Takes Measures to Pace Up Economic Growth, Says 'Inflation Under Control and Clear Sign of Revival of Industrial Production'

Apart from the food category, the index for 'minerals' group rose by 6.6 percent to 163.6 in September 2019 from 153.4 for August 2019. Similarly, the index for 'crude petroleum and natural gas' group declined by 1.9 percent to 86.4 in September 2019, from 88.1 for the previous month. Even index for 'Coal' group rose by 0.6 percent to 124.8 from 124.0 in August 2019 and index for 'mineral oils' group declined by 1.1 percent to 90.5 in September 2019 from 91.5 for August 2019.

The official data states that the index for 'manufactured products' group rose by 0.1 percent to 117.9 in September 2019, from 117.8 for the previous month. Among the minutes shared, the index for 'Manufacture of food products' group rose by 0.9 percent to 133.6 in September from 132.4 for August 2019. The WPI for manufactured beverages and tobacco products rose by 0.1 percent, while the WPI for manufactured computer, electronic and optical products declined by 1 percent. SAme was the condition for electrical equipment, whose index fell by 0.5 percent. Growth of 8 Core Sectors Recedes to 2.1% in July Vis-a-Vis 7.3% Last Year.

Overall, the government data stated that the rate of inflation based on WPI food index consisting of ‘food articles’ from primary articles group and ‘food product’ from manufactured products group increased from 5.75 percent in August, 2019 to 5.98 percent in September, 2019. However, the rate of inflation for all commodities during September stood at 0.33 percent, which was 3.24 percent in April 2019.