India's WPI inflation rises again in October 2021

“The high rate of inflation in October 2021 is primarily due to primarily due to rise in prices of mineral oils, basic metals, food products, crude petroleum & natural gas, chemicals and chemical products, etc as compared to the corresponding month of the previous year,” the Office of Economic Adviser, department for promotion of industry and internal trade, under the ministry of commerce and industry, said.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of October 2021 increased to 139.1 from previous month’s 136.0.

The index for manufactured products (weight 64.23 per cent) for October 2021 increased to 134.9 from 133.8 for the month of September 2021. The index for ‘Manufacture of Textiles’ sub-group increased to 133.9 from previous month’s 132.7, while the index for ‘Manufacture of Wearing Apparel’ rose slightly to 143.8 from 143.7 in September 2021.

The index for primary articles (weight 22.62 per cent) rose to 159.7 in October 2021 from previous month’s 154.9. The index for fuel and power (weight 13.15 per cent) too increased to 124.7 from 114.7 in September 2021.

Meanwhile, the all-India inflation rate for consumer price index (CPI) on base 2012=100 stood at 4.48 (provisional) in October 2021 compared to 4.35 (final) in September 2021 and 7.61 in October 2020, according to the Central Statistics Office, ministry of statistics and programme implementation.

Fibre2Fashion News Desk (RKS)