Inflation fall of by 5.85 % in November 2022

The annual rate of inflation based on all India Wholesale  Index (WPI) numbers is 5.85% (Provisional) for the month of November 2022 (over November 2021) against 8.39% recorded in October 2022. A decline in the rate of inflation in November 2022 is primarily contributed by a fall in prices of food articles, basic metals, textiles, chemicals & chemical products, and paper & paper products as compared to the corresponding month of the previous year. The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:

Index Numbers & Annual Rate of Inflation (Y-o-Y in %)*
All Commodities/Major Groups	Weight (%)	Sep-22 (F)	Oct-22 (P)	Nov-22 (P)
Index	Inflation	Index	Inflation	Index	Inflation
All Commodities	100.0	151.9	10.55	152.5	8.39	152.1	5.85
I. Primary Articles	22.6	175.9	11.54	181.0	11.04	177.7	5.52
II. Fuel & Power	13.2	158.4	33.11	155.2	23.17	159.6	17.35
III. Manufactured Products	64.2	142.2	6.12	141.9	4.42	141.5	3.59
Food Index	24.4	175.1	8.02	177.5	6.48	174.3	2.17

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

The month-over-month change in the WPI index for the month of November 2022 stood at (-)0.26% as compared to October 2022. The monthly change in the WPI index for the last six-month is summarized below:

Month Over Month (M-o-M in %) change in WPI Index#
All Commodities/Major Groups	Weight	Jun-22	Jul-22	Aug-22	Sep-22	Oct-22 (P)	Nov-22 (P)
All Commodities	100.00	0.26	-0.9	-0.52	-0.85	0.39	-0.26
I. Primary Articles	22.62	1.68	-2.42	0.68	-1.35	2.9	-1.82
II. Fuel & Power	13.15	2.14	-0.3	-4.44	-0.5	-2.02	2.84
III. Manufactured Products	64.23	-0.76	-0.49	0	-0.7	-0.21	-0.28
Food Index	24.38	1.03	-1.8	1.15	-0.62	1.37	-1.8

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

Month over Month Change in Major Groups of WPI:

1. Primary Articles (Weight 22.62%):- The index for this major group declined by 1.82% to 177.7 (provisional) in November 2022 from 181.0 (provisional) for the month of October 2022. Prices of Minerals (5.98%), Crude Petroleum & Natural Gas (0.29%) and Non-food Articles (0.18%) increased in November 2022 as compared to October 2022. Prices of Food Articles (3.07%) declined in November 2022 as compared to October 2022.

2. Fuel & Power (Weight 13.15%):- The index for this major group increased by 2.84% to 159.6 (provisional) in November 2022 from 155.2 (provisional) for the month of October 2022. Prices of Mineral Oils (3.61%) and Electricity (2.42%) increased in November 2022 as compared to October 2022.

3. Manufactured Products (Weight 64.23%):- The index for this major group declined by 0.28% to 141.5 (provisional) in November 2022 from 141.9 (provisional) for the month of October 2022. Out of the 22 NIC two-digit groups for Manufactured products, 11 groups have witnessed an increase in prices while 10 groups have witnessed a decrease in prices. The index of the 2 groups has remained unchanged. The increase in price is mainly contributed by food products; fabricated metal products, except machinery and equipment; other manufacturing; other non-metallic mineral products; machinery and equipment, etc. Some of the groups that have witnessed a decrease in prices are basic metals; textiles; chemicals and chemical products; paper and paper products; rubber and plastics products; in November 2022 as compared to October 2022.

WPI Food Index (Weight 24.38%): The Food Index consisting of ‘Food Articles’ from the Primary Articles group and ‘Food Product’ from the Manufactured Products group has decreased from 177.5 in October 2022 to 174.3 in November 2022. The rate of inflation based on the WPI Food Index decreased from 6.48% in October 2022 to 2.17% in November 2022.

The final index for the month of September 2022 (Base Year: 2011-12=100): For the month of September 2022 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 151.9 and 10.55% respectively. The details of all India Wholesale Price Indices and Rates of Inflation for different commodity groups for November 2022 are in Annex I. The Annual rate of Inflation (Y-o-Y) based on WPI for different commodity groups in the last six months is in Annex II. WPI for different commodity groups in the last six months is in Annex III.

Response Rate: The WPI for November 2022 has been compiled at a weighted response rate of 85.0 percent, while the final figure for September 2022 is based on the weighted response rate of 93.2 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 on our home page http://eaindustry.nic.in.

Next date of Press Release: WPI for the month of December 2022 would be released on 16/01/2023.

Note: The DPIIT released index numbers of wholesale prices in India on monthly basis on the 14th of every month (or the next working day) with a time lag of two weeks of the reference month, and the index numbers are 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 November 2022 (Provisional), September 2022 (Final), and other months/years. Provisional figures of WPI are finalized after 10 weeks and then frozen thereafter.

Annex-I

All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for November 2022

Commodities/Major Groups/Groups/Sub-Groups/Items	Weight	Index(Nov-22)*	Latest month over month	Cumulative Inflation (YoY)	WPI Based rate of Inflation (YoY)
2021-2022	2022-2023*	2021-2022	2022-2023*	Nov-21	Nov-22*
ALL COMMODITIES	100	152.1	2.13	-0.26	12.47	12.35	14.87	5.85
I. PRIMARY ARTICLES	22.62	177.7	3.31	-1.82	7.95	13.64	10.21	5.52
A. Food Articles	15.26	180.2	3.90	-3.07	1.66	9.59	4.82	1.07
Cereals	2.82	182.7	0.94	1.67	-0.55	10.32	3.98	12.85
Paddy	1.43	173.3	0.00	-0.17	-1.34	3.99	-0.18	6.45
Wheat	1.03	192.4	2.20	3.83	1.36	14.19	10.14	18.11
Pulses	0.64	178.4	-0.50	-0.39	8.59	-0.22	2.84	0.56
Vegetables	1.87	232.8	22.39	-16.83	-11.33	22.14	3.44	-20.08
Potato	0.28	289.5	24.39	-2.39	-40.62	36.87	-48.18	13.75
Onion	0.16	234.5	-0.99	14.33	0.84	-22.92	-34.39	-19.19
Fruits	1.60	165.9	-3.23	-4.49	10.87	11.47	15.50	-1.07
Milk	4.44	167.0	0.13	0.60	2.14	5.71	1.81	6.03
Eggs, Meat & Fish	2.40	166.7	0.99	-0.66	8.38	4.99	9.40	2.27
B. Non-Food Articles	4.12	168.2	1.82	0.18	20.59	13.33	13.41	7.48
Oil Seeds	1.12	199.7	1.30	5.66	37.40	-2.41	24.88	-1.29
C. Minerals	0.83	196.7	11.14	5.98	17.56	6.75	26.18	-0.96
D. Crude Petroleum & Natural gas	2.41	171.2	-2.86	0.29	57.51	60.10	71.11	48.23
Crude Petroleum	1.95	149.4	-3.79	-1.45	88.16	51.76	84.46	33.87
II. FUEL & POWER	13.15	159.6	7.94	2.84	31.88	35.76	44.37	17.35
LPG	0.64	115.0	14.38	-5.51	46.18	21.82	66.62	-13.40
Petrol	1.60	158.5	11.03	1.34	63.46	45.58	89.75	14.11
HSD	3.10	200.5	7.14	6.42	59.70	64.43	87.14	42.10
III. MANUFACTURED PRODUCTS	64.23	141.5	0.52	-0.28	11.44	7.57	12.34	3.59
Mf/o Food Products	9.12	164.6	-0.57	0.73	13.01	6.24	10.67	4.44
Vegetable And Animal Oils and Fats	2.64	174.8	-1.66	0.34	39.39	2.36	24.38	-5.10
Mf/o Beverages	0.91	128.8	-0.08	0.08	1.50	1.42	2.99	1.18
Mf/o Tobacco Products	0.51	165.4	-0.69	0.98	1.82	3.01	1.92	3.96
Mf/o Textiles	4.88	140.3	2.45	-2.16	15.23	10.33	18.24	1.59
Mf/o Wearing Apparel	0.81	149.4	0.00	0.07	2.99	4.18	3.37	3.61
Mf/o Leather and Related Products	0.54	122.6	-0.25	-0.24	0.40	3.46	0.68	3.29
Mf/o Wood and of Products of Wood and Cork	0.77	143.3	0.50	0.28	4.73	2.32	5.49	0.84
Mf/o Paper and Paper Products	1.11	151.2	1.75	-1.56	12.08	14.75	16.33	8.31
Mf/o Chemicals and Chemical Products	6.47	145.3	1.56	-0.48	12.54	12.10	15.40	6.52
Mf/o Pharmaceuticals, Medicinal Chemical, and Botanical Products	1.99	141.6	0.15	0.14	3.84	3.79	3.18	3.96
Mf/o Rubber and Plastics Products	2.30	128.5	0.71	-0.62	13.50	5.75	13.93	0.71
Mf/o other Non-Metallic Mineral Products	3.20	134.2	1.21	0.45	4.32	8.76	7.19	7.10
Cement, Lime, and Plaster	1.64	137.3	1.90	0.22	3.78	8.87	8.23	6.52
Mf/o Basic Metals	9.65	143.5	-0.21	-1.58	27.94	10.29	28.79	-0.07
Mild Steel – Semi-Finished Steel	1.27	123.8	-1.32	-1.82	21.40	9.74	19.30	3.77
Mf/o Fabricated Metal Products, Except Machinery and Equipment	3.15	138.3	1.15	0.58	13.11	8.08	14.24	4.46

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

Annex-II

Commodities/Major Groups/Groups/Sub-Groups/Items	Weight	WPI-based inflation figures for the last 6 months
Jun-22	Jul-22	Aug-22	Sep-22	Oct-22*	Nov-22*
ALL COMMODITIES	100.0	16.23	14.07	12.48	10.55	8.39	5.85
I. PRIMARY ARTICLES	22.62	18.63	14.78	14.74	11.54	11.04	5.52
A. Food Articles	15.26	13.71	10.77	12.55	11.03	8.33	1.07
Cereals	2.82	7.99	9.76	11.77	11.91	12.03	12.85
Paddy	1.43	2.35	3.10	4.33	5.79	6.63	6.45
Wheat	1.03	10.34	13.61	17.35	16.09	16.25	18.11
Pulses	0.64	-2.82	1.33	2.58	-0.34	0.45	0.56
Vegetables	1.87	57.17	18.46	22.45	39.66	17.61	-20.08
Potato	0.28	41.51	54.51	44.40	49.79	44.97	13.75
Onion	0.16	-31.32	-25.93	-24.76	-20.96	-30.02	-19.19
Fruits	1.6	15.44	29.64	31.49	4.51	0.23	-1.07
Milk	4.44	6.35	5.45	5.41	5.55	5.53	6.03
Eggs, Meat & Fish	2.4	5.73	5.55	7.88	3.63	3.97	2.27
B. Non-Food Articles	4.12	18.53	12.88	8.42	4.34	9.24	7.48
Oil Seeds	1.12	2.74	-4.06	-13.48	-16.55	-5.36	-1.29
C. Minerals	0.83	7.56	5.50	7.41	-2.42	3.86	-0.96
D. Crude Petroleum & Natural gas	2.41	77.29	65.94	59.94	44.72	43.57	48.23
Crude Petroleum	1.95	72.98	58.77	50.57	32.18	30.69	33.87
II. FUEL & POWER	13.15	50.95	44.62	35.03	33.11	23.17	17.35
LPG	0.64	51.24	32.00	19.75	8.45	4.82	-13.40
Petrol	1.60	75.42	55.30	38.68	40.38	25.02	14.11
HSD	3.10	81.31	72.41	61.31	65.96	43.05	42.10
III. MANUFACTURED PRODUCTS	64.23	9.35	8.24	7.51	6.12	4.42	3.59
Mf/o Food Products	9.12	8.47	6.74	5.77	2.83	3.09	4.44
Vegetable and Animal Oils and Fats	2.64	10.95	2.53	-1.22	-8.22	-6.99	-5.10
Mf/o Beverages	0.91	2.31	1.19	0.86	1.18	1.02	1.18
Mf/o Tobacco Products	0.51	4.06	2.98	2.24	2.81	2.25	3.96
Mf/o Textiles	4.88	15.11	12.61	10.48	8.40	6.38	1.59
Mf/o Wearing Apparel	0.81	3.90	4.23	5.14	3.75	3.54	3.61
Mf/o Leather and Related Products	0.54	4.08	5.03	4.14	3.96	3.28	3.29
Mf/o Wood and of Products of Wood and Cork	0.77	2.38	2.14	2.34	1.92	1.06	0.84
Mf/o Paper and Paper Products	1.11	17.14	15.66	16.60	15.16	11.95	8.31
Mf/o Chemicals and Chemical Products	6.47	15.59	14.31	12.51	11.37	8.71	6.52
Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products	1.99	3.79	4.24	4.85	4.31	3.97	3.96
Mf/o Rubber and Plastics Products	2.30	8.87	7.99	5.63	4.52	2.05	0.71
Mf/o other Non-Metallic Mineral Products	3.20	10.38	9.05	9.34	9.62	7.92	7.10
Cement, Lime, and Plaster	1.64	11.65	8.87	9.24	9.72	8.30	6.52
Mf/o Basic Metals	9.65	11.94	11.49	9.57	6.39	1.32	-0.07
Mild Steel – Semi-Finished Steel	1.27	9.36	11.37	8.64	8.13	4.30	3.77
Mf/o Fabricated Metal Products, Except Machinery and Equipment	3.15	9.80	7.81	7.20	6.51	5.04	4.46

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

Annex-III

Commodities/Major Groups/Groups/Sub-Groups/Items	Weight	WPI for the last 6 months
Jun-22	Jul-22	Aug-22	Sep-22	Oct-22*	Nov-22*
ALL COMMODITIES	100.0	155.4	154.0	153.2	151.9	152.5	152.1
I. PRIMARY ARTICLES	22.62	181.5	177.1	178.3	175.9	181.0	177.7
A. Food Articles	15.26	182.5	178.9	182.0	182.2	185.9	180.2
Cereals	2.82	170.3	172.1	176.6	178.5	179.7	182.7
Paddy	1.43	165.5	166.2	168.8	171.7	173.6	173.3
Wheat	1.03	171.8	173.6	180.6	181.8	185.3	192.4
Pulses	0.64	172.6	175.1	179.0	178.1	179.1	178.4
Vegetables	1.87	259.8	226.5	226.9	249.3	279.9	232.8
Potato	0.28	259.1	291.4	291.4	284.9	296.6	289.5
Onion	0.16	150.9	172.5	174.4	174.2	205.1	234.5
Fruits	1.6	186.2	188.5	204.2	176.2	173.7	165.9
Milk	4.44	164.2	164.4	165.5	165.5	166.0	167.0
Eggs, Meat & Fish	2.4	175.3	173.1	171.2	171.3	167.8	166.7
B. Non-Food Articles	4.12	175.9	171.8	175.1	168.2	167.9	168.2
Oil Seeds	1.12	217.5	208.1	207.3	196.1	189.0	199.7
C. Minerals	0.83	206.3	197.7	192.9	185.7	185.6	196.7
D. Crude Petroleum & Natural gas	2.41	176.4	167.6	155.3	145.3	170.7	171.2
Crude Petroleum	1.95	173.5	162.1	146.2	133.9	151.6	149.4
II. FUEL & POWER	13.15	167.1	166.6	159.2	158.4	155.2	159.6
LPG	0.64	146.7	135.3	131.6	124.5	121.7	115.0
Petrol	1.60	186.3	180.3	164.2	161.3	156.4	158.5
HSD	3.10	207.6	210.0	194.7	196.0	188.4	200.5
III. MANUFACTURED PRODUCTS	64.23	143.9	143.2	143.2	142.2	141.9	141.5
Mf/o Food Products	9.12	169.0	166.3	166.7	163.3	163.4	164.6
Vegetable and Animal Oils and Fats	2.64	204.7	190.3	186.4	173.1	174.2	174.8
Mf/o Beverages	0.91	128.5	128.0	128.3	128.4	128.7	128.8
Mf/o Tobacco Products	0.51	164.0	165.9	164.2	164.4	163.8	165.4
Mf/o Textiles	4.88	149.3	147.3	146.5	144.5	143.4	140.3
Mf/o Wearing Apparel	0.81	146.7	147.8	149.3	149.4	149.3	149.4
Mf/o Leather and Related Products	0.54	122.5	123.2	123.3	123.4	122.9	122.6
Mf/o Wood and of Products of Wood and Cork	0.77	142.0	143.2	144.1	143.4	142.9	143.3
Mf/o Paper and Paper Products	1.11	155.8	154.4	154.5	154.2	153.6	151.2
Mf/o Chemicals and Chemical Products	6.47	148.3	147.8	146.6	146.0	146.0	145.3
Mf/o Pharmaceuticals, Medicinal Chemical, and Botanical Products	1.99	139.8	140.0	140.6	140.3	141.4	141.6
Mf/o Rubber and Plastics Products	2.30	131.3	131.1	129.4	129.5	129.3	128.5
Mf/o other Non-Metallic Mineral Products	3.20	134.0	133.7	133.5	133.3	133.6	134.2
Cement, Lime, and Plaster	1.64	139.0	137.4	137.1	136.6	137.0	137.3
Mf/o Basic Metals	9.65	150.0	149.4	148.9	146.6	145.8	143.5
Mild Steel – Semi-Finished Steel	1.27	127.4	128.3	127.0	126.3	126.1	123.8
Mf/o Fabricated Metal Products, Except Machinery and Equipment	3.15	140.0	139.4	140.0	139.1	137.5	138.3

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