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.
Fibre2Fashion News Desk (KD)