WPI Inflation November 2024: Down By 0.06% - Check Latest Numbers

The annual rate of inflation based on all India Wholesale Price Index (WPI) slipped to a three-month low of 1.89 per cent (Provisional) for the month of November 2024 (over November 2023), the government data showed on Monday. The positive rate of inflation in November 2024 was attributed primarily to the increase in prices of food articles, food products, other manufacturing, textiles, machinery & equipment, etc. For October 2024, the WPI inflation was 2.36 per cent.

Month-over-Month Change in Major Groups of WPI:

1. Primary Articles (Weight 22.62%): - The index for this major group decreased by 1.20% to 197.9 (provisional) in November 2024 from 2003 (provisional) for the month of October 2024. Prices of food articles (-1.83%) and crude petroleum & natural gas (-0.41%) decreased in November 2024 as compared to October 2024. The price of minerals (2.10%) and non-food articles (0.56%) increased in November 2024 as compared to October 2024. 
2. Fuel & Power (Weight 13.15%): - The index for this major group increased by 0.41% to 147.1 (provisional) in November 2024 from 146.5 (provisional) for the month of October 2024. The price of mineral oils (0.72%) increased in November 2024 and the price of electricity generation (-0.07%) decreased in November 2024 as compared to October 2024. The price of coal remained the same as in the previous month. 
3. Manufactured Products (Weight 64.23%): - The index for this major group increased by 0.35% to 143.0 (provisional) in November 2024 from 142.5 (provisional) for the month of October 2024. Out of the 22 NIC two-digit groups for manufactured products, 10 groups witnessed an increase in prices, 10 groups witnessed a decrease in prices and 2 groups witnessed no change in prices. Some of the important groups that showed month-over-month increases in prices are the manufacture of food products; furniture; other non-metallic mineral products; pharmaceuticals, medicinal chemical and botanical products; electrical equipment etc.
4. WPI Food Index (Weight 24.38%): The Food Index consisting of 'food articles' from the primary articles group and 'food product' from the manufactured products group decreased from 201.2 in October 2024 to 200.3 in November 2024. The rate of inflation based on the WPI Food Index decreased from 11.59% in October 2024 to 8.92% in November 2024.

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