WPI inflation declines to 1.2% in December 2020
Admin | 2632 Views | 14 Jan 2021
The WPI inflation declines to 1.2% in December 2020 as compared to 1.6% in November 2020, 1.3% in October 2020, 1.3% in September 2020, 0.4% in August 2020, (-) 0.3% in July 2020, (-)1.8% in June 2020 and (-)3.4% in May 2020. The decrease in WPI inflation in the month of December 2020 is attributed to decrease in the prices of potato, whose inflation moderated to 37.7% in December 2020 as compared to 115.1% in November 2020, vegetables, whose inflation diminished to (-)13.2% in December 2020 as compared to 12.2% in November 2020 and onion whose inflation moderated to (-)54.7% in Dcember 2020 as compared to (-)7.6% in November 2020.
WPI inflation in Select Commodities (Base year: 2011-12)
|
S. No. |
Commodity |
WPI Inflation Y-o-Y % growth |
|||
|
Oct-20 |
Nov-20 |
Dec-20 |
Change in December-20 as Compared to Previous Month |
||
|
1 |
All Commodities |
1.3 |
1.6 |
1.2 |
↓ |
|
2 |
Primary Articles |
4.3 |
2.7 |
(-)1.6 |
↓ |
|
3 |
Food Articles |
7.1 |
3.9 |
(-)1.1 |
↓ |
|
4 |
Cereals |
(-)5.2 |
(-)5.5 |
(-)6.5 |
↓ |
|
5 |
Vegetables |
26.7 |
12.2 |
(-)13.2 |
↓ |
|
6 |
Non-food Articles |
2.9 |
8.4 |
3.1 |
↓ |
|
7 |
Fuel & Power |
(-)11.1 |
(-)9.9 |
(-)8.7 |
↑ |
|
8 |
Petrol |
(-)14.5 |
(-)14.7 |
(-)12.9 |
↑ |
|
9 |
Manufactured Products |
2.2 |
3.0 |
4.2 |
↑ |
Source: PHD Research Bureau, PHDCCI compiled from the office of the Economic Advisor, Government of India (Note: Figures are rounded off)
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