The annual inflation rate was 15.08% (Temporary) in April, 2022 (Y-o-Y) compared to 10.74% in April, 2021. The inflation rate based on the WPI Food Index rose slightly from 8.71% in March, 2022 it went to WPI. 8.88% in April, 2022. The high inflation rate in April, 2022 was mainly due to rising prices for mineral oil, metals, crude petroleum and natural gas, food items, non-food items, food products and chemicals and chemicals. products etc. compared to the corresponding month of last year.
The Office of the Economic Adviser, the Department of Industry Promotion and Internal Trade has released wholesale price indexes in India (Basic Year: 2011-12) for April, 2022 (Temporary) and February, 2022 (Last). Temporary Wholesale Price Index (WPI) figures are issued on the 14th of each month (or the next working day) with a two-week period of reference period and are combined with data obtained from institutional sources and selected production units nationwide. After 10 weeks, the index is completed and the final statistics are released and then freeze.
The monthly change in the WPI index for April, 2022 stands at 2.08% compared to March, 2022. Monthly change in the major WPI groups:
• Basic Records (Weight 22.62%): – Index of this large group increased by 2.70% to 174.9 (temporary) in April, 2022 from 170.3 (temporary) March, 2022. Food Prices (3.61%), Non-Food Topics (1.20%), Crude Petroleum & Natural Gas (0.59%) and Minerals (0.13%) increased in April, 2022 compared to March, 2022.
• Fuel & Power (Weight 13.15%): – The index for this large group increased by 2.79% to 151 (temporary) in April, 2022 from 146.9 (temporary) in March, 2022. Oil Prices Minerals (7.58%) increased in April, 2022 compared to March, 2022. Electricity prices (-9.68%) decreased in April, 2022 compared to March, 2022.
• Manufactured Products (Weight 64.23%): – Index of this large group increased 1.69% to 144 (temporary) in April, 2022 from 141.6 (temporary) in March, 2022. 22 NIC with two digits of the two product groups produced, 18 groups saw inflation and 3 groups saw inflation. Inflation is mainly supplied by basic metals, chemicals and chemical products, textiles, machinery and equipment, electronics, and food products. Other groups that have seen a decline in prices are cars, trailers and semi-trailers, computers, electrical and optical products; leather and related products April, 2022 compared to March, 2022. Although Beverage Production remains unchanged in April, 2022 compared to March, 2022.
• WPI Food Index (Weight 24.38%): Food Index comprising ‘Food Documents’ from the Primary Articles group and ‘Food Product’ from the Produced Products Group increased from 167.3 in March, 2022 to 172.9 April, 2022. Manufactured Products inflation rate based on the WPI Food Index increased from 8.71% in March, 2022 to 8.88% in April, 2022.
• Final Indicator for the month of February 2022 (Foundation Year: 2011-12 = 100): For the month of February, 2022 Storage Retail Price Index and inflation rate for ‘All Goods’ (Foundation: 2011-12 = 100) is fixed. at 145.3 and 13.43% respectively. Details of all India Wholesale Price Index and Rates of Inflation for different groups of goods for April, 2022 are in Appendix I. Annual Prices (Y-o-Y) based on the WPI of different commodity groups over the past six months in Annex II. The WPI index for the various stock groups over the past six months is in Annex III.
• Response Rate: The WPI of April, 2022 is compiled with an average response rate of 83 percent, while the final figure for February, 2022 is based on a response rate of 92 percent. Temporary WPI stats will be updated according to the final WPI review policy.
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