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TMI BlogIndex Numbers of Wholesale Price in India for the Month of December, 2023 (Base Year: 2011-12)X X X X Extracts X X X X X X X X Extracts X X X X ..... Index Numbers of Wholesale Price in India for the Month of December, 2023 (Base Year: 2011-12) - News and Press Release Dated:- 15-1-2024 - News - Index Numbers of Wholesale Price in India for the Month of December, 2023 (Base Year: 2011-12) - - - Dated:- 15-1-2024 - The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 0.73% (Provisional) for the month of December, 2023(over December, 2022). Positive rate of inflation in December, 2023 is primarily due to increase in prices of food articles, machinery equipment, other manufacturing, other transport equipment and computer, electronics optical products etc. The index numbers and inflation rate for the last three months of all commodities and WPI components are given below: Index Numbers and Annual Rate of Inflation (Y-o-Y in %)* All Commodities/Major Groups Weight (%) Oct-23 Nov-23 (P) Dec-23 (P) Index Inflation Index Inflation Index Inflation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... All Commodities 100.0 152.5 -0.26 152.9 0.26 151.6 0.73 I. Primary Articles 22.62 185.3 2.26 186.9 4.76 182.9 5.78 II. Fuel Power 13.15 155.5 -1.58 155.3 -4.61 154.2 -2.41 III. Manufactured Products 64.23 140.4 -1.06 140.4 -0.64 140.1 -0.71 Food Index 24.38 180.3 1.46 183.1 4.69 179.9 5.39 Note: P: Provisional, *Annual rate of WPI inflation calculated over the corresponding month of previous year The month-over-month change in WPI for the month of December, 2023 stood at (-) 0.85% as compared to November, 2023. The monthly change in W ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PI for last six-month is summarized below: Month Over Month (M-o-M in %) change in WPI Index# All Commodities/Major Groups Weight Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 (P) Dec-23 (P) All Commodities 100.0 2.15 0.26 -0.46 0.46 0.26 -0.85 I. Primary Articles 22.62 8.86 -0.73 -3.52 0.93 0.86 -2.14 II. Fuel Power 13.15 -0.55 2.54 2.68 1.57 -0.13 -0.71 III. Manufactured Products 64.23 -0.29 0.29 0.36 0.00 0.00 -0.21 Food Index 24.38 7.77 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.85 -4.65 1.07 1.55 -1.75 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: Primary Articles (Weight 22.62%):- The index for this major group declined by 2.14% to 182.9 (provisional) in December, 2023 from 186.9 (provisional) for the month of November, 2023. Prices of Non-food Articles (-0.18%), Minerals (-1.91%), Food Articles (-2.30%) and Crude Petroleum Natural Gas (-4.28%) declined in December, 2023 as compared to November, 2023. Fuel Power (Weight 13.15%): - The index for this major group declined by 0.71% to 154.2 (provisional) in December, 2023 from 155.3 (provisional) for the month of November, 2023. Prices of Electricity (1.34%) increased in December, 2023 as compared to November, 2023. Prices of Mineral Oils (-1.54%) declined in December, 2023 as compared to November, 2023. Manufactured Products (Weight 64.23%):- The index for this major group decreased by 0.21% to 140.1 (provisional) in December, 2023 from 140.4 (provisional) for the mont ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h of November, 2023. Out of the 22 NIC two-digit groups for manufactured products, 15 groups witnessed an increase in prices whereas7 groups have witnessed a decrease in prices . Some of the important groups that showed month-over-month increase in prices are machinery equipment; other manufacturing; pharmaceuticals, medicinal chemical botanical products; electrical equipment; motor vehicles, trailers semi-trailers etc. Some of the groups that witnessed a decrease in prices are manufacture of basic metals; food products; textiles; chemical chemical products; fabricated metal products, except machinery equipment, etc. in December, 2023 as compared to November, 2023. WPI Food Index (Weight 24.38%): The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group has decreased from 183.1 in November, 2023 to 179.9 in December, 2023. The rate of inflation based on WPI Food Index increased from 4.69% in November, 2023 to 5.39% in December, 2023. Final Index for the month of October, 2023 (Base Year: 2011-12=100): For the month of October, 2023 the final Wholesale Price Index and inflatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n rate for 'All Commodities' (Base: 2011-12=100) stood at 152.5 and (-) 0.26% 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. WPI for different commodity groups in the last six months is at Annex III. Response Rate: The WPI for December, 2023 has been compiled at a weighted response rate of 85.7 percent, while the final figure for October, 2023 is based on the weighted response rate of 94.6 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 our home page http://eaindustry.nic.in . Next date of Press Release: WPI for the month of January, 2024 would be released on 14/02/2024. Note: DPIIT releases index number 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 number is compiled with data re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ceived from institutional sources and selected manufacturing units across the country. This press release contains WPI (Base Year 2011-12=100) for the month of December, 2023 (Provisional), October, 2023 (Final) and other months/years. Provisional figures of WPI are finalised after 10 weeks (from the month of reference), and then frozen thereafter. Annex-I All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for December, 2023 Commodities/Major Groups /Groups/Sub-Groups /Items Weight Index (Dec-23)* Latest month over month Cumulative Inflation(YoY) Rate of Inflation (YoY) Dec-22 over Nov-22 Dec-23 over Nov-23* Apr-Dec 2022 Apr-Dec 2023* Dec-22 Dec-23* ALL COMMODITIES 100.00 151.6 -1.31 -0.85 11.56 -1.08 5.02 0.73 I. PRIMARY ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ARTICLES 22.62 182.9 -3.08 -2.14 12.41 3.22 2.67 5.78 A. Food Articles 15.26 191.3 -3.37 -2.30 8.40 6.41 -1.02 9.38 Cereals 2.82 196.8 1.70 0.56 10.75 7.23 14.06 5.92 Paddy 1.43 192.0 0.23 0.31 4.31 8.89 6.83 10.54 Wheat 1.03 197.4 3.01 0.05 14.96 5.05 20.78 -0.40 Pulses 0.64 213.0 -0.17 -1.84 -0.01 13.37 1.66 19.60 Vegetables ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.87 226.2 -23.07 -12.02 13.11 6.35 -36.31 26.30 Potato 0.28 191.1 -13.06 -9.30 34.88 -23.98 20.09 -24.08 Onion 0.16 372.6 -17.04 -20.94 -23.51 42.24 -27.39 91.77 Fruits 1.60 173.7 -4.15 -7.51 10.91 -0.77 1.71 4.58 Milk 4.44 181.7 1.55 0.61 6.04 8.16 8.01 6.95 Eggs, Meat Fish 2.40 165.6 0.12 -2.13 4.83 1.59 3.41 -0.84 B. Non-Food Articles ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4.12 163.1 1.42 -0.18 12.13 -5.58 4.01 -4.73 Oil Seeds 1.12 185.1 0.00 -0.16 -2.69 -10.07 -4.95 -7.31 C. Minerals 0.83 215.7 2.72 -1.91 6.65 7.98 -0.39 5.79 D. Crude Petroleum Natural gas 2.41 152.2 -10.98 -4.28 57.66 -5.30 39.43 -0.13 Crude Petroleum 1.95 128.3 -15.13 -4.75 48.36 -12.64 21.92 1.18 II. FUEL POWER 13.15 154.2 -2.95 -0.71 34.12 -5.87 18.09 -2.41 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LPG 0.64 121.6 1.48 0.16 16.92 -13.43 -14.76 4.20 Petrol 1.60 157.2 -1.89 -1.50 41.94 -4.16 16.83 1.09 HSD 3.10 172.0 -8.03 -1.32 60.82 -11.80 35.49 -6.72 III. MANUFACTURED PRODUCTS 64.23 140.1 -0.14 -0.21 7.07 -1.86 3.37 -0.71 Mf/o Food Products 9.12 161.0 -0.61 -0.56 6.07 -3.67 4.47 -1.59 Vegetable Animal Oils and Fats 2.64 141.1 -3.43 -0.98 1.36 -22.56 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -6.33 -16.36 Mf/o Beverages 0.91 131.8 0.00 0.08 1.49 2.10 1.49 2.09 Mf/o Tobacco Products 0.51 175.3 1.34 0.63 2.89 5.16 2.59 5.54 Mf/o Textiles 4.88 133.6 -1.15 -0.52 8.82 -6.79 -1.15 -2.91 Mf/o Wearing Apparel 0.81 152.4 -0.27 0.53 4.13 1.60 3.39 1.87 Mf/o Leather and Related Products 0.54 123.4 -0.74 -0.08 3.15 1.52 1.42 1.56 Mf/o Wood and of Products of Wood and Cork 0.77 147.7 0.07 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.07 2.08 1.78 0.42 3.21 Mf/o Paper and Paper Products 1.11 138.5 -1.66 0.07 13.54 -8.10 5.10 -6.67 Mf/o Chemicals and Chemical Products 6.47 135.8 -0.83 -0.37 11.33 -6.11 5.26 -5.69 Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products 1.99 143.2 0.21 0.49 3.77 1.59 3.81 0.99 Mf/o Rubber and Plastics Products 2.30 127.4 0.00 0.31 5.14 -2.02 0.79 -0.55 Mf/o other Non-Metallic Mineral Products 3.20 135.0 0.37 0.15 8.65 1.26 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.75 0.15 Cement, Lime and Plaster 1.64 138.1 0.22 0.15 8.77 0.71 8.26 0.36 Mf/o Basic Metals 9.65 139.5 0.00 -1.06 9.17 -5.17 0.92 -2.58 Mild Steel - Semi Finished Steel 1.27 117.9 -0.97 -0.51 8.95 -5.23 3.21 -3.36 Mf/o Fabricated Metal Products, Except Machinery and Equipment 3.15 138.8 0.15 -0.50 7.55 0.07 3.68 0.58 Note: * = Provisional, Mf/o = Manufacture of Annex-II Commodities/Major Groups /Groups/Sub-Groups/Items Weight WPI based inflation (YoY) figures for last 6 months Jul-23 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Aug-23 Sep-23 Oct-23 Nov-23* Dec-23* ALL COMMODITIES 100.00 -1.23 -0.46 -0.07 -0.26 0.26 0.73 I. PRIMARY ARTICLES 22.62 8.24 6.73 4.38 2.26 4.76 5.78 A. Food Articles 15.26 15.09 11.43 3.79 3.17 8.18 9.38 Cereals 2.82 8.25 6.63 6.78 7.62 7.12 5.92 Paddy 1.43 9.03 9.18 8.91 9.56 10.44 10.54 Wheat 1.03 7.78 4.26 4.90 4.70 2.55 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.40 Pulses 0.64 9.59 10.39 18.02 19.82 21.64 19.60 Vegetables 1.87 67.59 48.44 -16.29 -20.72 10.44 26.30 Potato 0.28 -24.06 -24.02 -25.52 -29.27 -27.22 -24.08 Onion 0.16 6.84 34.12 56.08 67.43 101.24 91.77 Fruits 1.60 -9.97 -12.88 5.90 6.62 8.37 4.58 Milk 4.44 8.21 8.52 8.76 8.10 7.95 6.95 Eggs, Meat Fish 2.40 1.96 1.87 1.69 2. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 44 1.44 -0.84 B. Non-Food Articles 4.12 -5.76 -6.80 -2.14 -1.14 -3.20 -4.73 Oil Seeds 1.12 -9.75 -9.41 -5.41 -3.81 -7.16 -7.31 C. Minerals 0.83 8.95 6.53 18.96 11.64 10.78 5.79 D. Crude Petroleum Natural gas 2.41 -13.66 -1.93 15.62 -2.17 -7.13 -0.13 Crude Petroleum 1.95 -22.83 -9.10 10.83 -4.95 -9.84 1.18 II. FUEL POWER 13.15 -12.73 -6.34 -3.35 -1.58 -4.61 -2.41 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LPG 0.64 -20.69 -24.01 -17.11 -4.03 5.57 4.20 Petrol 1.60 -13.48 -2.13 1.24 3.45 0.69 1.09 HSD 3.10 -18.95 -11.71 -11.02 -7.06 -13.07 -6.72 III. MANUFACTURED PRODUCTS 64.23 -2.58 -2.30 -1.27 -1.06 -0.64 -0.71 Mf/o Food Products 9.12 -3.85 -3.54 -1.78 -1.77 -1.64 -1.59 Vegetable Animal Oils and Fats 2.64 -22.39 -20.87 -17.56 -18.41 -18.43 -16.36 Mf/o Beverages 0.91 2.19 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .42 2.26 2.01 2.01 2.09 Mf/o Tobacco Products 0.51 4.40 5.12 5.72 6.03 6.28 5.54 Mf/o Textiles 4.88 -9.10 -8.46 -7.06 -5.47 -3.52 -2.91 Mf/o Wearing Apparel 0.81 1.62 0.87 0.80 1.81 1.07 1.87 Mf/o Leather and Related Products 0.54 2.03 1.78 0.41 1.47 0.90 1.56 Mf/o Wood and of Products of Wood and Cork 0.77 0.84 0.56 2.16 2.94 3.22 3.21 Mf/o Paper and Paper Products 1.11 -9.65 -10.03 -10.25 -9.36 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -8.28 -6.67 Mf/o Chemicals and Chemical Products 6.47 -7.58 -7.03 -6.64 -6.63 -6.13 -5.69 Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products 1.99 1.29 0.85 1.71 1.20 0.71 0.99 Mf/o Rubber and Plastics Products 2.30 -3.13 -1.78 -1.16 -1.55 -0.86 -0.55 Mf/o other Non-Metallic Mineral Products 3.20 0.67 1.12 1.28 1.57 0.37 0.15 Cement, Lime and Plaster 1.64 0.00 0.29 0.59 1.54 0.44 0.36 Mf/o Basic Metals 9.65 -6.36 -5.57 -2.46 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -2.34 -1.54 -2.58 Mild Steel - Semi Finished Steel 1.27 -4.75 -4.96 -3.64 -4.84 -3.81 -3.36 Mf/o Fabricated Metal Products, Except Machinery and Equipment 3.15 -0.79 -0.79 0.22 0.87 1.23 0.58 Note: * = Provisional, Mf/o = Manufacture of Annex-III Commodities/Major Groups / Groups /Sub-Groups/Items Weight WPI Numbers for last 6 months Jul-23 Aug-23 Sep-23 Oct-23 Nov-23* Dec-23* ALL COMMODITIES 100.00 152.1 152.5 151.8 152.5 152.9 151.6 I. PRIMARY ARTICLES 22.62 191.7 190.3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 183.6 185.3 186.9 182.9 A. Food Articles 15.26 205.9 202.8 189.1 192.0 195.8 191.3 Cereals 2.82 186.3 188.3 190.6 193.5 195.7 196.8 Paddy 1.43 181.2 184.3 187.0 190.2 191.4 192.0 Wheat 1.03 187.1 188.3 190.7 194.0 197.3 197.4 Pulses 0.64 191.9 197.6 210.2 214.6 217.0 213.0 Vegetables 1.87 379.6 336.8 208.7 221.6 257.1 226.2 Potato 0.28 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 221.3 221.4 212.2 209.7 210.7 191.1 Onion 0.16 184.3 233.9 271.9 343.4 471.3 372.6 Fruits 1.60 169.7 177.9 186.6 185.3 187.8 173.7 Milk 4.44 177.9 179.6 180.0 180.2 180.6 181.7 Eggs, Meat Fish 2.40 176.5 174.4 174.2 171.9 169.2 165.6 B. Non-Food Articles 4.12 161.9 163.2 164.6 164.1 163.4 163.1 Oil Seeds 1.12 187.8 187.8 185.5 181.8 185.4 185.1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C. Minerals 0.83 215.4 205.5 220.9 219.7 219.9 215.7 D. Crude Petroleum Natural gas 2.41 144.7 152.3 168.0 167.0 159.0 152.2 Crude Petroleum 1.95 125.1 132.9 148.4 144.1 134.7 128.3 II. FUEL POWER 13.15 145.4 149.1 153.1 155.5 155.3 154.2 LPG 0.64 107.3 100.0 103.2 116.8 121.4 121.6 Petrol 1.60 156.0 160.7 163.3 161.8 159.6 157.2 HSD 3.10 170.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 171.9 174.4 175.1 174.3 172.0 III. MANUFACTURED PRODUCTS 64.23 139.5 139.9 140.4 140.4 140.4 140.1 Mf/o Food Products 9.12 159.9 160.8 160.4 160.8 161.9 161.0 Vegetable Animal Oils and Fats 2.64 147.7 147.5 142.7 141.4 142.5 141.1 Mf/o Beverages 0.91 130.8 131.4 131.3 131.7 131.7 131.8 Mf/o Tobacco Products 0.51 173.2 172.6 173.8 174.1 174.2 175.3 Mf/o Textiles 4.88 133.9 134.1 134.3 134.7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 134.3 133.6 Mf/o Wearing Apparel 0.81 150.2 150.6 150.6 152.0 151.6 152.4 Mf/o Leather and Related Products 0.54 125.7 125.5 123.9 124.0 123.5 123.4 Mf/o Wood and of Products of Wood and Cork 0.77 144.4 144.9 146.5 147.1 147.6 147.7 Mf/o Paper and Paper Products 1.11 139.5 139.0 138.4 138.5 138.4 138.5 Mf/o Chemicals and Chemical Products 6.47 136.6 136.3 136.3 136.6 136.3 135.8 Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products 1.99 141.8 141.8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 142.7 142.9 142.5 143.2 Mf/o Rubber and Plastics Products 2.30 127.0 127.1 128.0 127.2 127.0 127.4 Mf/o other Non-Metallic Mineral Products 3.20 134.6 135.0 135.0 135.6 134.8 135.0 Cement, Lime and Plaster 1.64 137.4 137.5 137.4 138.8 137.9 138.1 Mf/o Basic Metals 9.65 139.9 140.6 143.0 142.2 141.0 139.5 Mild Steel - Semi Finished Steel 1.27 122.2 120.7 121.7 120.0 118.5 117.9 Mf/o Fabricated Metal Products, Except Machinery and Equipment 3.15 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 138.3 138.9 139.4 138.9 139.5 138.8 Note: * = Provisional, Mf/o = Manufacture of *** AD/VN - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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