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WPI maintains the declining trend; falls to -3.48% in May, 2023
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is (-) 3.48% (Provisional) for the month of May, 2023 (over May, 2022) against (-) 0.92% recorded in April, 2023. Decline in the rate of inflation in May, 2023 is primarily contributed by fall in prices of mineral oils, basic metals, food products, textiles, non-food articles, crude petroleum & natural gas, and chemical & chemical products. 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 (%) | Mar-23 (F) | Apr-23 (P) | May-23 (P) | |||
| Index | Inflation | Index | Inflation | Index | Inflation | ||
| All Commodities | 100.0 | 151.0 | 1.41 | 150.9 | -0.92 | 149.6 | -3.48 |
| I. Primary Articles | 22.62 | 175.2 | 2.52 | 177.3 | 1.60 | 175.3 | -1.79 |
| II. Fuel & Power | 13.15 | 156.4 | 8.69 | 152.6 | 0.93 | 148.6 | -9.17 |
| III. Manufactured Products | 64.23 | 141.3 | -0.70 | 141.2 | -2.42 | 140.7 | -2.97 |
| Food Index | 24.38 | 172.1 | 2.32 | 173.6 | 0.17 | 172.8 | -1.59 |
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 May, 2023 stood at (-) 0.86 % as compared to April, 2023. The monthly change in WPI for the last six-month is summarized below:
| Month Over Month (M-o-M in %) change in WPI# | |||||||
| All Commodities/Major Groups | Weight | Dec-22 | Jan-23 | Feb-23 | Mar-23 | Apr-23 (P) | May-23 (P) |
| All Commodities | 100.0 | -1.31 | 0.13 | 0.13 | 0.07 | -0.07 | -0.86 |
| I. Primary Articles | 22.62 | -3.08 | 0.81 | -0.40 | 0.92 | 1.20 | -1.13 |
| II. Fuel & Power | 13.15 | -2.95 | -1.52 | 1.29 | -0.76 | -2.43 | -2.62 |
| III. Manufactured Products | 64.23 | -0.14 | 0.21 | 0.14 | -0.21 | -0.07 | -0.35 |
| Food Index | 24.38 | -2.40 | 0.47 | -0.12 | 0.47 | 0.87 | -0.46 |
Note: P: Provisional, # Monthly rate of change, based on month over month (M-o-M) WPI calculated over the preceding month
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 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 May, 2023 (Provisional), March, 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 May, 2023
| Commodities/Major Groups/Groups/Sub-Groups/Items | Weight | Index (May-23)* | Latest month over month | Cumulative Inflation (YoY) | WPI based rate of Inflation (YoY) | |||
| 2022-2023 | 2023-2024* | 2022-2023 | 2023-2024* | May-22 | May-23* | |||
| ALL COMMODITIES | 100.0 | 149.6 | 1.77 | -0.86 | 16.01 | -2.21 | 16.63 | -3.48 |
| I. PRIMARY ARTICLES | 22.62 | 175.3 | 2.29 | -1.13 | 17.00 | -0.11 | 18.84 | -1.79 |
| A. Food Articles | 15.26 | 181.1 | 1.77 | -0.22 | 10.12 | 2.52 | 11.78 | 1.51 |
| Cereals | 2.82 | 183.1 | 0.53 | -0.22 | 8.06 | 7.29 | 8.08 | 6.89 |
| Paddy | 1.43 | 177.2 | 0.43 | 0.62 | 1.63 | 7.22 | 1.79 | 7.33 |
| Wheat | 1.03 | 184.8 | 0.46 | -0.59 | 10.81 | 6.71 | 10.61 | 6.15 |
| Pulses | 0.64 | 183.5 | -0.69 | -0.49 | -1.72 | 5.66 | -3.07 | 5.76 |
| Vegetables | 1.87 | 179.1 | 20.09 | -2.61 | 39.48 | -11.66 | 57.55 | -20.12 |
| Potato | 0.28 | 188.6 | 19.28 | 19.22 | 25.33 | -18.69 | 30.34 | -18.71 |
| Onion | 0.16 | 129.2 | -11.56 | 0.54 | -12.47 | -13.17 | -20.40 | -7.25 |
| Fruits | 1.60 | 193.6 | -10.09 | -3.97 | 8.32 | -1.47 | 5.91 | 1.95 |
| Milk | 4.44 | 175.1 | 0.37 | 0.11 | 5.68 | 6.97 | 5.81 | 6.83 |
| Eggs, Meat & Fish | 2.40 | 177.2 | 2.36 | 3.69 | 5.50 | 1.43 | 6.37 | 2.07 |
| B. Non-Food Articles | 4.12 | 162.7 | 1.35 | -1.87 | 24.01 | -8.09 | 24.07 | -9.56 |
| Oil Seeds | 1.12 | 188.7 | -1.54 | -1.67 | 11.44 | -15.59 | 7.08 | -15.65 |
| C. Minerals | 0.83 | 224.5 | 0.96 | 0.90 | 17.26 | 6.84 | 23.00 | 6.80 |
| D. Crude Petroleum & Natural Gas | 2.41 | 142.9 | 8.52 | -7.81 | 74.34 | -6.32 | 79.50 | -13.66 |
| Crude Petroleum | 1.95 | 119.2 | 10.86 | -10.64 | 72.27 | -18.67 | 78.67 | -27.01 |
| II. FUEL & POWER | 13.15 | 148.6 | 8.20 | -2.62 | 43.94 | -4.32 | 49.00 | -9.17 |
| LPG | 0.64 | 117.1 | 3.41 | -12.61 | 43.02 | -17.54 | 47.71 | -24.35 |
| Petrol | 1.60 | 157.1 | 10.44 | -1.50 | 65.96 | -4.23 | 71.10 | -9.45 |
| HSD | 3.10 | 169.5 | 20.67 | -1.28 | 80.14 | -8.67 | 92.01 | -17.03 |
| III. MANUFACTURED PRODUCTS | 64.23 | 140.7 | 0.21 | -0.35 | 10.83 | -2.69 | 10.27 | -2.97 |
| Mf/o Food Products | 9.12 | 159.1 | 0.53 | -0.75 | 9.37 | -6.25 | 8.58 | -6.85 |
| Vegetable and Animal Oils & Fats | 2.64 | 150.5 | 1.38 | -3.59 | 13.54 | -27.74 | 11.83 | -29.54 |
| Mf/o Beverages | 0.91 | 131.0 | 0.55 | 0.08 | 1.83 | 2.26 | 2.07 | 2.02 |
| Mf/o Tobacco Products | 0.51 | 171.2 | -0.18 | 1.48 | 2.91 | 3.34 | 3.14 | 4.20 |
| Mf/o Textiles | 4.88 | 136.2 | 1.85 | -0.87 | 14.42 | -7.03 | 15.56 | -8.28 |
| Mf/o Wearing Apparel | 0.81 | 149.3 | 0.14 | -0.33 | 4.64 | 2.01 | 4.86 | 1.77 |
| Mf/o Leather and Related Products | 0.54 | 123.0 | 0.33 | 0.57 | 1.98 | 1.20 | 1.59 | 1.32 |
| Mf/o Wood and Products of Wood and Cork | 0.77 | 144.4 | -2.95 | 0.91 | 3.98 | -0.07 | 2.46 | 1.91 |
| Mf/o Paper and Paper Products | 1.11 | 146.4 | 1.69 | -0.14 | 16.80 | -5.48 | 17.87 | -6.33 |
| Mf/o Chemicals and Chemical Products | 6.47 | 140.2 | 0.89 | -0.50 | 14.16 | -3.96 | 14.49 | -4.63 |
| Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products | 1.99 | 143.1 | -0.36 | 0.42 | 2.61 | 2.48 | 1.61 | 2.88 |
| Mf/o Rubber and Plastics Products | 2.30 | 128.0 | 0.23 | -0.31 | 8.34 | -2.77 | 8.91 | -3.03 |
| Mf/o other Non-Metallic Mineral Products | 3.20 | 134.5 | 1.07 | -0.30 | 8.38 | 2.67 | 9.10 | 1.97 |
| Cement, Lime and Plaster | 1.64 | 136.8 | 2.02 | -0.65 | 8.36 | 1.86 | 9.76 | 0.51 |
| Mf/o Basic Metals | 9.65 | 143.7 | -1.86 | -1.17 | 21.86 | -9.49 | 18.50 | -9.17 |
| Mild Steel - Semi Finished Steel | 1.27 | 122.9 | -0.89 | -0.32 | 16.43 | -8.07 | 13.93 | -7.80 |
| Mf/o Fabricated Metal Products, except Machinery and Equipment | 3.15 | 139.6 | 1.30 | 0.65 | 12.16 | -0.39 | 11.15 | -0.71 |
Note: * = Provisional, Mf/o = Manufacture of
Annex-II
| Commodities/Major Groups/Groups/Sub-Groups/Items | Weight | WPI based inflation figures for last 6 months | |||||
| Dec-22 | Jan-23 | Feb-23 | Mar-23 | Apr-23* | May-23* | ||
| ALL COMMODITIES | 100.0 | 5.02 | 4.80 | 3.85 | 1.41 | -0.92 | -3.48 |
| I. PRIMARY ARTICLES | 22.62 | 2.67 | 4.06 | 3.64 | 2.52 | 1.60 | -1.79 |
| A. Food Articles | 15.26 | -1.02 | 2.67 | 3.81 | 5.42 | 3.54 | 1.51 |
| Cereals | 2.82 | 14.06 | 15.59 | 13.95 | 9.48 | 7.69 | 6.89 |
| Paddy | 1.43 | 6.83 | 7.18 | 8.60 | 7.54 | 7.12 | 7.33 |
| Wheat | 1.03 | 20.78 | 23.88 | 18.48 | 9.16 | 7.27 | 6.15 |
| Pulses | 0.64 | 1.66 | 2.36 | 2.59 | 3.03 | 5.55 | 5.76 |
| Vegetables | 1.87 | -36.31 | -26.69 | -21.58 | -2.39 | -1.50 | -20.12 |
| Potato | 0.28 | 20.09 | 7.51 | -14.42 | -25.59 | -18.66 | -18.71 |
| Onion | 0.16 | -27.39 | -24.48 | -40.22 | -36.83 | -18.41 | -7.25 |
| Fruits | 1.60 | 1.71 | 4.51 | 7.32 | 4.89 | -4.55 | 1.95 |
| Milk | 4.44 | 8.01 | 9.85 | 10.33 | 8.48 | 7.10 | 6.83 |
| Eggs, Meat & Fish | 2.40 | 3.41 | 2.66 | 1.49 | 1.36 | 0.77 | 2.07 |
| B. Non-Food Articles | 4.12 | 4.01 | 4.70 | 0.00 | -4.51 | -6.59 | -9.56 |
| Oil Seeds | 1.12 | -4.95 | -4.36 | -7.38 | -15.05 | -15.54 | -15.65 |
| C. Minerals | 0.83 | -0.39 | -9.97 | -3.33 | -2.84 | 6.87 | 6.80 |
| D. Crude Petroleum & Natural Gas | 2.41 | 39.43 | 23.79 | 14.47 | -1.19 | 1.64 | -13.66 |
| Crude Petroleum | 1.95 | 21.92 | 5.01 | -10.22 | -23.53 | -9.44 | -27.01 |
| II. FUEL & POWER | 13.15 | 18.09 | 15.00 | 13.96 | 8.69 | 0.93 | -9.17 |
| LPG | 0.64 | -14.76 | -8.30 | -7.12 | 3.31 | -10.49 | -24.35 |
| Petrol | 1.60 | 16.83 | 15.54 | 15.24 | 6.48 | 1.53 | -9.45 |
| HSD | 3.10 | 35.49 | 28.47 | 24.61 | 11.85 | 1.42 | -17.03 |
| III. MANUFACTURED PRODUCTS | 64.23 | 3.37 | 3.06 | 1.94 | -0.70 | -2.42 | -2.97 |
| Mf/o Food Products | 9.12 | 4.47 | 3.95 | 0.87 | -2.96 | -5.65 | -6.85 |
| Vegetable and Animal Oils & Fats | 2.64 | -6.33 | -8.13 | -14.31 | -22.02 | -25.91 | -29.54 |
| Mf/o Beverages | 0.91 | 1.49 | 1.96 | 2.12 | 2.60 | 2.51 | 2.02 |
| Mf/o Tobacco Products | 0.51 | 2.59 | 3.24 | 4.19 | 4.19 | 2.49 | 4.20 |
| Mf/o Textiles | 4.88 | -1.15 | -2.21 | -3.65 | -4.93 | -5.76 | -8.28 |
| Mf/o Wearing Apparel | 0.81 | 3.39 | 3.04 | 3.46 | 3.38 | 2.25 | 1.77 |
| Mf/o Leather and Related Products | 0.54 | 1.42 | 0.25 | 0.74 | 1.58 | 1.07 | 1.32 |
| Mf/o Wood and Products of Wood and Cork | 0.77 | 0.42 | 0.85 | -0.21 | -0.97 | -1.99 | 1.91 |
| Mf/o Paper and Paper Products | 1.11 | 5.10 | 4.36 | 3.28 | -1.01 | -4.62 | -6.33 |
| Mf/o Chemicals and Chemical Products | 6.47 | 5.26 | 4.22 | 2.59 | -0.07 | -3.29 | -4.63 |
| Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products | 1.99 | 3.81 | 3.72 | 3.26 | 2.68 | 2.08 | 2.88 |
| Mf/o Rubber and Plastics Products | 2.30 | 0.79 | 1.02 | 1.10 | -1.31 | -2.51 | -3.03 |
| Mf/o other Non-Metallic Mineral Products | 3.20 | 7.75 | 7.55 | 6.79 | 5.40 | 3.37 | 1.97 |
| Cement, Lime and Plaster | 1.64 | 8.26 | 9.37 | 8.18 | 6.24 | 3.22 | 0.51 |
| Mf/o Basic Metals | 9.65 | 0.92 | 1.68 | -0.14 | -7.17 | -9.80 | -9.17 |
| Mild Steel - Semi Finished Steel | 1.27 | 3.21 | 3.57 | 1.55 | -4.76 | -8.33 | -7.80 |
| Mf/o Fabricated Metal Products, except Machinery and Equipment | 3.15 | 3.68 | 3.53 | 4.19 | 2.88 | -0.07 | -0.71 |
Note: * = Provisional, Mf/o = Manufacture of
Annex-III
| Commodities/Major Groups/Groups/Sub-Groups/Items | Weight | WPI for last 6 months | |||||
| Dec-22 | Jan-23 | Feb-23 | Mar-23 | Apr-23* | May-23* | ||
| ALL COMMODITIES | 100.0 | 150.5 | 150.7 | 150.9 | 151.0 | 150.9 | 149.6 |
| I. PRIMARY ARTICLES | 22.62 | 172.9 | 174.3 | 173.6 | 175.2 | 177.3 | 175.3 |
| A. Food Articles | 15.26 | 174.9 | 176.6 | 176.9 | 178.8 | 181.5 | 181.1 |
| Cereals | 2.82 | 185.8 | 189.1 | 187.1 | 183.6 | 183.5 | 183.1 |
| Paddy | 1.43 | 173.7 | 174.6 | 175.6 | 175.4 | 176.1 | 177.2 |
| Wheat | 1.03 | 198.2 | 203.9 | 196.8 | 187.1 | 185.9 | 184.8 |
| Pulses | 0.64 | 178.1 | 178.1 | 178.0 | 180.4 | 184.4 | 183.5 |
| Vegetables | 1.87 | 179.1 | 173.0 | 166.8 | 175.7 | 183.9 | 179.1 |
| Potato | 0.28 | 251.7 | 184.6 | 146.0 | 135.2 | 158.2 | 188.6 |
| Onion | 0.16 | 194.3 | 200.5 | 159.5 | 138.1 | 128.5 | 129.2 |
| Fruits | 1.60 | 166.1 | 169.1 | 180.3 | 186.6 | 201.6 | 193.6 |
| Milk | 4.44 | 169.9 | 172.9 | 174.1 | 175.3 | 174.9 | 175.1 |
| Eggs, Meat & Fish | 2.40 | 167.0 | 170.0 | 169.8 | 171.9 | 170.9 | 177.2 |
| B. Non-Food Articles | 4.12 | 171.2 | 173.7 | 170.2 | 167.1 | 165.8 | 162.7 |
| Oil Seeds | 1.12 | 199.7 | 201.6 | 199.5 | 192.5 | 191.9 | 188.7 |
| C. Minerals | 0.83 | 203.9 | 202.3 | 217.5 | 222.4 | 222.5 | 224.5 |
| D. Crude Petroleum & Natural Gas | 2.41 | 152.4 | 151.4 | 143.2 | 149.8 | 155.0 | 142.9 |
| Crude Petroleum | 1.95 | 126.8 | 125.8 | 115.9 | 123.8 | 133.4 | 119.2 |
| II. FUEL & POWER | 13.15 | 158.0 | 155.6 | 157.6 | 156.4 | 152.6 | 148.6 |
| LPG | 0.64 | 116.7 | 120.5 | 117.4 | 137.4 | 134.0 | 117.1 |
| Petrol | 1.60 | 155.5 | 156.1 | 160.3 | 159.4 | 159.5 | 157.1 |
| HSD | 3.10 | 184.4 | 181.4 | 183.8 | 176.5 | 171.7 | 169.5 |
| III. MANUFACTURED PRODUCTS | 64.23 | 141.1 | 141.4 | 141.6 | 141.3 | 141.2 | 140.7 |
| Mf/o Food Products | 9.12 | 163.6 | 163.1 | 161.9 | 160.8 | 160.3 | 159.1 |
| Vegetable and Animal Oils & Fats | 2.64 | 168.7 | 166.1 | 162.9 | 157.9 | 156.1 | 150.5 |
| Mf/o Beverages | 0.91 | 129.1 | 129.8 | 130.3 | 130.3 | 130.9 | 131.0 |
| Mf/o Tobacco Products | 0.51 | 166.1 | 165.9 | 166.5 | 169.2 | 168.7 | 171.2 |
| Mf/o Textiles | 4.88 | 137.6 | 137.1 | 137.2 | 136.8 | 137.4 | 136.2 |
| Mf/o Wearing Apparel | 0.81 | 149.6 | 149.1 | 149.7 | 150.0 | 149.8 | 149.3 |
| Mf/o Leather and Related Products | 0.54 | 121.5 | 121.2 | 122.2 | 122.3 | 122.3 | 123.0 |
| Mf/o Wood and Products of Wood and Cork | 0.77 | 143.1 | 143.1 | 142.6 | 143.0 | 143.1 | 144.4 |
| Mf/o Paper and Paper Products | 1.11 | 148.4 | 148.3 | 148.0 | 147.0 | 146.6 | 146.4 |
| Mf/o Chemicals and Chemical Products | 6.47 | 144.0 | 143.3 | 142.8 | 142.2 | 140.9 | 140.2 |
| Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products | 1.99 | 141.8 | 142.2 | 142.4 | 141.7 | 142.5 | 143.1 |
| Mf/o Rubber and Plastics Products | 2.30 | 128.1 | 128.6 | 128.7 | 128.3 | 128.4 | 128.0 |
| Mf/o other Non-Metallic Mineral Products | 3.20 | 134.8 | 135.3 | 135.3 | 134.6 | 134.9 | 134.5 |
| Cement, Lime and Plaster | 1.64 | 137.6 | 138.9 | 138.9 | 137.9 | 137.7 | 136.8 |
| Mf/o Basic Metals | 9.65 | 143.2 | 145.5 | 146.9 | 146.2 | 145.4 | 143.7 |
| Mild Steel - Semi Finished Steel | 1.27 | 122.0 | 124.9 | 124.8 | 126.0 | 123.3 | 122.9 |
| Mf/o Fabricated Metal Products, except Machinery and Equipment | 3.15 | 138.0 | 137.9 | 139.1 | 139.2 | 138.7 | 139.6 |
Note: * = Provisional, Mf/o = Manufacture of
