Index Numbers of Wholesale Price in India for February 2024

The Department for Promotion of Industry and Internal Trade (DPIIT) releases the monthly Wholesale Price Index (WPI) for India. This report provides crucial information on price changes in various sectors of the economy, aiding in economic analysis and policy formulation. The WPI for February 2024, with a base year of 2011-12, reflects a 0.20% provisional annual inflation rate, driven primarily by increases in food articles, crude petroleum & natural gas, electricity, machinery & equipment, and motor vehicles, trailers & semi-trailers.

Monthly Change Overview

All Commodities/Major Groups:

• All Commodities: The WPI for all commodities increased by 0.07% in February 2024 compared to January 2024.
• Primary Articles: Witnessed a 0.22% increase in index, driven by price rises in minerals, crude petroleum & natural gas, and food articles.
• Fuel & Power: Experienced a 0.19% index increase, mainly due to higher prices of electricity and mineral oils.
• Manufactured Products: Remained unchanged, with varied price movements across different NIC two-digit groups.
• Food Index: Rose from 178.0 to 178.3, resulting in an inflation rate increase from 3.79% to 4.09%.

Monthly Change in Major Groups

Primary Articles:

• Index Increase: 0.22% rise in the primary articles index, led by increased prices in minerals, crude petroleum & natural gas, and food articles.
• Price Decrease: Non-food articles witnessed a 1.73% price decline.

Fuel & Power:

• Index Increase: A 0.19% increase, attributed to higher prices of electricity and mineral oils.
• Price Decrease: Coal prices dropped by 0.15%.

Manufactured Products:

• Stable Index: No change in the index, with varied price movements across different NIC two-digit groups.

WPI Food Index:

• Index Rise: Increased from 178.0 to 178.3, contributing to a rise in inflation from 3.79% to 4.09%.

Final Index for December 2023

• All Commodities: Final WPI for December 2023 stood at 151.8 with an inflation rate of 0.86%.