India's WPI inflation rises to -1.36% in July from -4.12% in June

The month over month change in WPI index for the month of July 2023 stood at 1.95 per cent as compared to June 2023.

“Decline in the rate of inflation in July 2023 is primarily contributed by fall in prices of mineral oils, basic metals, chemical and chemical products, textiles and food products,” 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 July 2023 increased to 151.9 from previous month’s 149.

The index for manufactured products (weight 64.2 per cent) for July 2023 reached 139.6 from 140 in June. The index for ‘Manufacture of Textiles’ sub-group was recorded at 134.1, while the index for ‘Manufacture of Wearing Apparel’ was at 149.5.    

The index for primary articles (weight 22.62 per cent) reached 190.5 in July 2023 from 176.3 in June, while that for fuel and power (weight 13.15 per cent) was 145.3, down from 146.0 in June.

Fibre2Fashion News Desk (KD)