India`s WPI inflation slows down to 1.31% in August
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Amid easing prices of crude petroleum, natural gas and food articles, inflation based on wholesale price index (WPI) in India slowed down in the month of August 2024 to 1.31% from 2.04% in July. Mineral oils prices also decreased in the reported month.
The Component wise, primary articles index, having weight of 22.62%, declined 1.37% to 194.9 (provisional) in August 2024 from 197.6 (provisional) for the month of July 2024. Fuel & Power index, having weight of 13.15%, increased by 0.14% to 148.1 (provisional) in August 2024 from 147.9 (provisional) for the month of July 2024, as price of electricity increased . However, the price of coal witnessed no change in August 2024 as compared to July.
Further, Manufactured Products constituting the major portion of the index with weight of 64.23%, declined by 0.07% to 141.6 (provisional) in August 2024 from 141.7 (provisional) for the month of July 2024, as there was a decrease in prices of chemicals and chemical products, textiles etc. Meanwhile, for the month of June 2024 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 154.0 and 3.43% respectively.
