Wholesale Inflation
General Inflation
Food Inflation
It is based on the Wholesale Price Index (WPI) which measures the changes in the price of 697 goods sold and traded in bulk by wholesale businesses to other businesses. Analysts use the numbers to track the supply and demand dynamics in industry, manufacturing and construction. The numbers are released by the Ministry of Commerce and Industry. An upward surge in the WPI print indicates inflationary pressure in the economy and vice versa. The quantum of rise in the WPI month-after-month is used to measure the level of wholesale inflation in the economy.
The wholesale price basket is broadly grouped into Primary articles, Fuel & Power, and Manufactured Goods.
- Primary articles: It constitutes 22.6% of the overall Wholesale Price Index. It is further subdivided into Food Articles, Non-food articles, Minerals, and Crude Petroleum & Natural Gas
- Fuel & Power: It constitutes 13.2% of the overall Wholesale Price Index and tracks price movements in Petrol, Diesel and LPG
- Manufactured products: This is the biggest component basket in and carries a weightage of 64.2% in the overall WPI. It comprises of a variety of manufactured products such as Textiles, Apparels, Paper, Chemicals, Plastic, Cement, Metals, etc and Manufactured Goods such as Sugar, Tobacco Products, Vegetable and Animal Oils, etc.
It is based on the Wholesale Price Index (WPI) which measures the changes in the price of 697 goods sold and traded in bulk by wholesale businesses to other businesses. Analysts use the numbers to track the supply and demand dynamics in industry, manufacturing and construction. The numbers are released by the Ministry of Commerce and Industry. An upward surge in the WPI print indicates inflationary pressure in the economy and vice versa. The quantum of rise in the WPI month-after-month is used to measure the level of wholesale inflation in the economy.
The wholesale price basket is broadly grouped into Primary articles, Fuel & Power, and Manufactured Goods.
- Primary articles: It constitutes 22.6% of the overall Wholesale Price Index. It is further subdivided into Food Articles, Non-food articles, Minerals, and Crude Petroleum & Natural Gas
- Fuel & Power: It constitutes 13.2% of the overall Wholesale Price Index and tracks price movements in Petrol, Diesel and LPG
- Manufactured products: This is the biggest component basket in and carries a weightage of 64.2% in the overall WPI. It comprises of a variety of manufactured products such as Textiles, Apparels, Paper, Chemicals, Plastic, Cement, Metals, etc and Manufactured Goods such as Sugar, Tobacco Products, Vegetable and Animal Oils, etc.
SUBJECT Variables
It measures the changes in the wholesale price of basket of 697 goods. The quantum of rise in the WPI month-after-month is used to measure the level of wholesale inflation in the economy.
01/04/2013 To
31/03/2024
General Inflation
Food Inflation
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To
General Inflation
Food Inflation
ALL COMMODITIES
Monthly
Source: Ministry of Commerce & Industry
Annual
Source: Ministry of Commerce & Industry
- The wholesale price-based inflation, based on the Wholesale Price Index (WPI), increased by 0.53% in Mar'24.
- The annual wholesale YoY inflation rate reduced to -0.7% in 2023-24 from 9.4% in 2022-23
Primary articles constitutes 22.6% of the overall Wholesale Price Index. It is further subdivided into:
- Food Articles: This includes items such as Cereals, Paddy, Wheat, Pulses, Vegetables, Fruits, Milk, Eggs, Meat & Fish, etc.
- Non-Food Articles: This includes items such as Oil seeds.
- Minerals
- Crude Petroleum and Natural Gas
Monthly
Source: Ministry of Commerce & Industry
Annual
Source: Ministry of Commerce & Industry
- Inflation in primary articles increased from 4.49% in Feb'24 to 4.51% in Mar'24. Within primary articles, the prices of pulses increased by 17.2%, non-food articles decreased by 4.13%, and vegetables increased by 19.5% in Mar'24.
- The annual wholesale inflation rate for primary articles touched 3.5% YoY in 2023-24 from 10.1% in 2022-23
Fuel & Power
This indicator tracks price movements in Petrol, Diesel and LPG and constitutes 13.2% of the overall Wholesale Price Index.
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