India's WPI inflation rises slightly to 0.27% in January 2024

14 Feb '24

2 min read

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In January 2024, India's Wholesale Price Index (WPI) inflation rate was 0.27 per cent, down from the previous month's 0.73 per cent.
The month-over-month WPI change was -0.33 per cent.
Rising prices in food, machinery, manufacturing, and minerals contributed to the positive inflation.
The official WPI for all commodities decreased to 151.1.

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 0.27 per cent (provisional) for the month of January 2024 (over January 2023), registering a slight decrease over 0.73 per cent registered in the previous month, according to the ministry of commerce and industry.

The month-over-month change in WPI index for the month of January 2024 stood at -0.33 per cent as compared to December 2023.

“Positive rate of inflation in January 2024 is primarily due to increase in prices of food articles, machinery and equipment, other manufacturing, minerals, other transport equipment etc,” the Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry of commerce and industry, said.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of January 2024 decreased to 151.1 from previous month’s 151.6.

The index for manufactured products (weight 64.23 per cent) for January 2024 reduced to 139.8 from 140.1 in December 2023. The index for ‘Manufacture of Textiles’ sub-group increased to 134.0 from 133.6 in December, while the index for ‘Manufacture of Wearing Apparel’ decreased to 151.8 from 152.4 in December 2023.

The index for primary articles (weight 22.62 per cent) decreased to 181.0 in January 2024 from 182.9 in December 2023, while that for fuel and power (weight 13.15 per cent) increased to 154.8 from 154.2 in December 2023.

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