India's WPI inflation stands at -0.52% in August 2023

The month over month change in WPI index for the month of August 2023 stood at 0.33 per cent as compared to July 2023.

“The negative rate of inflation in August 2023 is primarily due to fall in prices of mineral oils, basic metals, chemical and chemical products, textiles and food products as compared to the corresponding month of previous year,” 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 August 2023 increased to 152.4 from previous month’s 151.9.

The index for manufactured products (weight 64.2 per cent) for August 2023 reached 139.8 from 139.6 in July. The index for ‘Manufacture of Textiles’ sub-group was recorded at 134.1, while the index for ‘Manufacture of Wearing Apparel’ was at 150.8.

The index for primary articles (weight 22.62 per cent) reached 189.6 in August 2023 from 190.5 in July, while that for fuel and power (weight 13.15 per cent) was 149.6, up from 145.3 in July.

Fibre2Fashion News Desk (KD)