MAY 15, 2023

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is (-) 0.92% (Provisional) for the month of April, 2023 (over April, 2022) against 1.34% recorded in March, 2023. Decline in the rate of inflation in April, 2023 is primarily contributed by fall in prices of basic metals, food products, mineral oils, textiles, non-food articles, chemical & chemical products, rubber & plastic products and paper & paper products. The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:

Note: P: Provisional, F: Final, *Annual rate of WPI inflation calculated over the corresponding month of previous year

2. The month-over-month change in WPI for the month of April 2023 over March, 2023 remained at 0.0%. The monthly change in WPI index for last six-month is summarized below:

Note: P: Provisional, #Monthly rate of change, based on month over month (M-o-M) WPI calculated over the preceding month

3. Month over Month Change in Major Groups of WPI:

1. Primary Articles (Weight 22.62%):- The index for this major group increased by 1.31% to 177.3 (provisional) in April, 2023 from 175.0 (provisional) for the month of March, 2023. Prices of Crude Petroleum & Natural Gas (3.47%), Minerals (2.30%) and Food Articles (1.45%) increased in April, 2023 as compared to March, 2023. Prices of Non-food Articles (-0.66%) declined in April, 2023 as compared to March, 2023.
2. Fuel & Power (Weight 13.15%):- The index for this major group declined by 2.68% to 152.6 (provisional) in April, 2023 from 156.8 (provisional) for the month of March, 2023. Prices of Coal (-0.22%), Electricity (-2.20%) and Mineral Oils (-3.33%) declined in April, 2023 as compared to March, 2023.
3. Manufactured Products (Weight 64.23%):- The index for this major group remains unchanged at 141.2 (provisional) in April, 2023. Out of the 22 NIC two-digit groups for Manufactured products, 14 groups that have witnessed increase in prices while 8 groups that have witnessed a decrease in prices. The increase in price is mainly contributed by machinery & equipment; textiles; other transport equipment; computer, electronic & optical products; motor vehicles, trailers & semi-trailers; pharmaceuticals, medicinal chemical & botanical products etc. Some of the groups that have witnessed decrease in prices are chemicals & chemical products; basic metals; food products; fabricated metal products, except machinery & equipment; leather & related products; paper & paper products etc. in April, 2023 as compared to March, 2023.
4. WPI Food Index (Weight 24.38%): The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group have increased from 172.1 in March, 2023 to 173.6 in April, 2023. The year-over-year inflation based on WPI Food Index decreased from 2.32% in March, 2023 to 0.17% in April, 2023.
5. Final index for the month of February, 2022 (Base Year: 2011-12=100): For the month of February, 2023, the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 150.9 and 3.85% respectively. The details of all India Wholesale Price Indices and Rates of Inflation for different commodity groups based on updated figures are at Annex I. The Annual rate of Inflation (Y-o-Y) based on WPI for different commodity groups in the last six months are at Annex II. The WPI for various commodity groups in the last six months is at Annex III.
6. Response Rate: The WPI for April, 2023 have been compiled at a weighted response rate of 85.5 percent, while the final figure for February, 2023 is based on the weighted response rate of 95.7 percent. The provisional figures of WPI will undergo revision as per the final revision policy of WPI. This press release, item indices, and inflation numbers are available at the home page: http://eaindustry.nic.in.
7. Next date of Press Release: WPI for the month of May, 2023 will be released on 14/06/2023.

Note: The DPIIT releases index numbers of wholesale price in India on monthly basis on 14th of every month (or next working day) with a time lag of two weeks of the reference month, and the index numbers is compiled with data received from institutional sources and selected manufacturing units across the country. This press release contains WPI (Base Year 2011-12=100) for the month of April, 2023 (Provisional), February, 2023 (Final) and other months/years. Provisional figures of WPI is finalised after 10 weeks (from reference month), and then frozen thereafter.

Annex-I

All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for April, 2023

Note: * = Provisional, Mf/o = Manufacture of

Annex-II

Note: * = Provisional, Mf/o = Manufacture of

Annex-III

Note: * = Provisional, Mf/o = Manufacture of