Ministry of Commerce & Industry
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Index Numbers of Wholesale Price in India for the Month of October, 2024 (Base Year: 2011-12)

Posted On: 14 NOV 2024 12:00PM by PIB Delhi

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is2.36% (Provisional) for the month of October, 2024(over October, 2023). Inflation in October, 2024 is primarily due to increase in prices of food articles, manufacture of food products, other manufacturing, manufacture of machinery & equipment, manufacture of motor vehicles, trailers & semi-trailers, 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 (%)

August-24 (F)

Sep-24 (P)

Oct-24 (P)

Index

Inflation

Index

Inflation

Index

Inflation

All Commodities

100.00

154.4

1.25

154.6

1.84

156.1

2.36

I. Primary Articles

22.62

195.1

2.52

195.7

6.59

200.3

8.09

II. Fuel & Power

13.15

148.3

-0.54

146.9

-4.05

146.5

-5.79

III. Manufactured Products

64.23

141.3

1.00

141.8

1.00

142.5

1.50

Food Index

24.38

193.1

3.21

195.3

9.47

201.2

11.59

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 October, 2024 stood at 0.97% as compared to September, 2024. The monthly change in WPI for last six-month is summarized below:

Month Over Month (M-o-M in %) change in WPI Index#

All Commodities/Major Groups

Weight

May-24

Jun-24

Jul-24

Aug-24

Sep-24 (P)

Oct-24 (P)

All Commodities

100.00

0.39

0.33

0.84

-0.58

0.13

0.97

I. Primary Articles

22.62

0.53

2.23

2.86

-1.37

0.31

2.35

II. Fuel & Power

13.15

-0.86

-2.13

0.88

0.07

-0.94

-0.27

III. Manufactured Products

64.23

0.57

0.00

-0.21

-0.28

0.35

0.49

Food Index

24.38

0.92

2.36

2.52

-1.23

1.14

3.02

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 increased by 2.35% to 200.3 (provisional) in October, 2024 from 195.7 (provisional) for the month of September, 2024. Prices of food articles (3.37%) and crude petroleum & natural gas (0.41%) increased in October, 2024 as compared to September, 2024. The Price of minerals (-1.67%) and non-food articles (-0.37%) declined in October, 2024 as compared to September, 2024
  2. Fuel & Power (Weight 13.15%): - The index for this major group declined by 0.27% to 146.5 (provisional) in October, 2024 from 146.9(provisional) for the month of September, 2024. Price of electricity (1.18%) increased in October, 2024 and price of mineral oils (-0.84%) and coal (-0.07%) decreased in October, 2024 as compared to September, 2024.
  3. Manufactured Products (Weight 64.23%):- The index for this major group increased by 0.49% to 142.5 (provisional) in October, 2024 from 141.8(provisional) for the month of September, 2024. Out of the 22 NIC two-digit groups for manufactured products, 14 groups witnessed an increase in prices, 6 groups witnessed a decrease in prices and 2 groups witnessed no change in prices. Some of the important groups that showed month-over-month increase in prices are manufacture of food products; basic metals; other manufacturing; machinery and equipment and other transport equipment etc. Some of the groups that witnessed a decrease in prices are manufacture of fabricated metal products except machinery & equipment; pharmaceuticals, medicinal chemical and botanical products; other non-metallic mineral products; chemicals and chemical products; and tobacco products, etc. in October, 2024 as compared to September, 2024.

WPI Food Index (Weight 24.38%): The Food Index consisting of 'food articles' from primary articles group and 'food product' from manufactured products group increased from 195.3 in September, 2024 to 201.2 in October, 2024. The rate of inflation based on WPI Food Index increased from 9.47% in September, 2024 to11.59% in October, 2024.

Final Index for the month of August, 2024 (Base Year: 2011-12=100): For the month of August, 2024 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 154.4 and 1.25% 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 is at Annex II. WPI for different commodity groups in the last six months is at Annex III.

Response Rate: The WPI for October, 2024 has been compiled at a weighted response rate of86.9percent, while the final figure for August, 2024 is based on the weighted response rate of96.2percent. 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 November, 2024 would be released on 16/12/2024.

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 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 October 2024 (Provisional), August, 2024 (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 October, 2024

Commodities/Major Groups/Groups/Sub-Groups/Items

Weight

Index

October-24*

Month over Month (MoM)

Cumulative Inflation(YoY)

Rate of Inflation (YoY)

Oct-23

Oct-24*

Apr-Oct 2023-24

Apr-Oct 2024-25*

Oct-23

Oct-24*

ALL COMMODITIES

100.00

156.1

0.46

0.97

-1.53

2.13

-0.26

2.36

I. PRIMARY ARTICLES

22.62

200.3

0.93

2.35

2.64

5.98

2.26

8.09

A. Food Articles

15.26

218.0

1.53

3.37

5.75

8.56

3.17

13.54

Cereals

2.82

208.8

1.52

1.36

7.45

8.64

7.62

7.91

Paddy

1.43

204.4

1.71

1.14

8.42

10.19

9.56

7.47

Wheat

1.03

209.6

1.73

2.14

6.30

6.90

4.70

8.04

Pulses

0.64

235.5

2.09

-0.84

11.27

17.16

19.82

9.74

Vegetables

1.87

361.3

6.18

16.40

3.62

20.81

-20.72

63.04

Potato

0.28

374.8

-1.18

-0.85

-23.46

74.41

-29.27

78.73

Onion

0.16

478.2

26.30

-1.65

22.27

66.67

67.43

39.25

Fruits

1.60

210.4

-0.70

0.53

-2.63

10.23

6.62

13.55

Milk

4.44

185.6

0.11

-0.05

8.37

3.84

8.10

3.00

Eggs, Meat & Fish

2.40

171.0

-1.32

-1.04

1.95

-0.75

2.44

-0.52

B. Non-Food Articles

4.12

161.3

-0.30

-0.37

-6.04

-2.39

-1.14

-1.71

Oil Seeds

1.12

185.5

-1.99

1.03

-10.84

-3.29

-3.81

2.04

C. Minerals

0.83

223.8

-0.54

-1.67

7.91

5.17

11.64

1.87

D. Crude Petroleum & Natural gas

2.41

146.7

-0.60

0.41

-5.72

1.20

-2.17

-12.16

Crude Petroleum

1.95

125.4

-2.90

1.54

-14.66

0.53

-4.95

-12.98

II. FUEL & POWER

13.15

146.5

1.57

-0.27

-6.54

-1.17

-1.58

-5.79

LPG

0.64

119.8

13.18

2.57

-17.83

3.72

-4.03

2.57

Petrol

1.60

149.9

-0.92

-0.79

-5.50

-3.07

3.45

-7.35

HSD

3.10

164.2

0.40

-0.55

-12.30

-3.01

-7.06

-6.23

III. MANUFACTURED PRODUCTS

64.23

142.5

0.00

0.49

-2.19

1.06

-1.06

1.50

Mf/o Food Products

9.12

173.3

0.25

2.42

-4.24

4.41

-1.77

7.77

Vegetable & Animal Oils and Fats

2.64

169.9

-0.91

7.74

-23.87

4.06

-18.41

20.16

Mf/o Beverages

0.91

134.5

0.30

0.45

2.11

1.96

2.01

2.13

Mf/o Tobacco Products

0.51

176.1

0.17

-0.45

4.95

1.98

6.03

1.15

Mf/o Textiles

4.88

135.9

0.30

0.07

-7.76

0.77

-5.47

0.89

Mf/o Wearing Apparel

0.81

153.9

0.93

0.26

1.63

1.64

1.81

1.25

Mf/o Leather and Related Products

0.54

125.2

0.08

0.08

1.60

0.13

1.47

0.97

Mf/o Wood and of Products of Wood and Cork

0.77

148.9

0.41

0.07

1.37

2.75

2.94

1.22

Mf/o Paper and Paper Products

1.11

139.9

0.07

0.36

-8.27

-2.04

-9.36

1.01

Mf/o Chemicals and Chemical Products

6.47

136.3

0.22

-0.07

-6.16

-1.08

-6.63

-0.22

Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

1.99

143.5

0.14

-0.90

1.81

1.10

1.20

0.42

Mf/o Rubber and Plastics Products

2.30

129.2

-0.62

0.16

-2.38

1.03

-1.55

1.57

Mf/o other Non-Metallic Mineral Products

3.20

130.1

0.44

-0.23

1.55

-3.06

1.57

-4.06

Cement, Lime and Plaster

1.64

128.3

1.02

-0.08

0.81

-5.62

1.54

-7.56

Mf/o Basic Metals

9.65

139.0

-0.56

0.36

-6.01

-1.02

-2.34

-2.25

Mild Steel - Semi Finished Steel

1.27

114.8

-1.40

-1.88

-5.68

-2.89

-4.84

-4.33

Mf/o Fabricated Metal Products, Except Machinery and Equipment

3.15

135.3

-0.36

-0.81

-0.16

-2.15

0.87

-2.59

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

May-24

June-24

July-24

August-24

Sep-24*

Oct-24*

ALL COMMODITIES

100.00

2.74

3.43

2.10

1.25

1.84

2.36

I. PRIMARY ARTICLES

22.62

7.42

9.20

3.18

2.52

6.59

8.09

A. Food Articles

15.26

9.93

11.14

3.50

3.06

11.53

13.54

Cereals

2.82

9.01

9.21

8.96

8.66

8.08

7.91

Paddy

1.43

11.57

11.90

10.98

9.60

8.07

7.47

Wheat

1.03

6.27

6.25

7.00

7.38

7.60

8.04

Pulses

0.64

21.95

21.64

20.27

18.27

12.99

9.74

Vegetables

1.87

32.59

39.06

-8.59

-9.95

48.73

63.04

Potato

0.28

64.05

68.23

79.71

77.78

78.13

78.73

Onion

0.16

58.98

93.35

88.77

67.25

78.82

39.25

Fruits

1.60

5.91

10.14

15.62

16.75

12.17

13.55

Milk

4.44

3.78

4.04

4.55

3.51

3.17

3.00

Eggs, Meat & Fish

2.40

0.68

-3.06

-1.59

-0.75

-0.80

-0.52

B. Non-Food Articles

4.12

-3.87

-1.01

-1.85

-1.84

-1.64

-1.71

Oil Seeds

1.12

-5.08

-3.33

-4.05

-4.90

-1.02

2.04

C. Minerals

0.83

5.73

10.70

5.20

10.75

3.03

1.87

D. Crude Petroleum & Natural gas

2.41

9.80

12.55

9.12

1.77

-13.04

-12.16

Crude Petroleum

1.95

11.07

14.04

9.19

-0.98

-16.78

-12.98

II. FUEL & POWER

13.15

1.01

0.48

1.93

-0.54

-4.05

-5.79

LPG

0.64

2.48

1.49

6.06

14.40

13.18

2.57

Petrol

1.60

0.51

-1.35

-0.64

-4.23

-7.47

-7.35

HSD

3.10

-1.06

-1.78

-1.65

-3.03

-5.33

-6.23

III. MANUFACTURED PRODUCTS

64.23

1.00

1.50

1.58

1.00

1.00

1.50

Mf/o Food Products

9.12

3.52

4.47

3.88

3.54

5.49

7.77

Vegetable & Animal Oils and Fats

2.64

-1.40

2.34

1.08

2.03

10.51

20.16

Mf/o Beverages

0.91

1.99

2.07

2.06

1.98

1.98

2.13

Mf/o Tobacco Products

0.51

1.69

1.44

2.02

1.97

1.78

1.15

Mf/o Textiles

4.88

-0.15

1.19

2.17

1.34

1.12

0.89

Mf/o Wearing Apparel

0.81

1.33

1.74

1.33

1.53

1.93

1.25

Mf/o Leather and Related Products

0.54

0.40

-0.08

-1.03

-0.48

0.97

0.97

Mf/o Wood and of Products of Wood and Cork

0.77

3.10

2.96

3.46

3.17

1.57

1.22

Mf/o Paper and Paper Products

1.11

-5.41

-3.62

-0.72

0.58

0.72

1.01

Mf/o Chemicals and Chemical Products

6.47

-2.72

-1.09

0.07

0.29

0.07

-0.22

Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

1.99

0.77

0.42

2.05

2.12

1.47

0.42

Mf/o Rubber and Plastics Products

2.30

0.55

1.34

1.65

1.57

0.78

1.57

Mf/o other Non-Metallic Mineral Products

3.20

-1.78

-2.97

-3.42

-3.85

-3.41

-4.06

Cement, Lime and Plaster

1.64

-3.28

-5.17

-6.33

-7.13

-6.55

-7.56

Mf/o Basic Metals

9.65

0.77

1.20

0.64

-1.64

-3.15

-2.25

Mild Steel - Semi Finished Steel

1.27

-0.33

-0.08

-2.86

-5.22

-3.86

-4.33

Mf/o Fabricated Metal Products, Except Machinery and Equipment

3.15

-2.36

-2.30

-1.45

-1.66

-2.15

-2.59

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

 

Annex-III

Commodities/Major Groups/Groups/Sub-Groups/Items

Weight

WPI Numbers for last 6 months

May-24

June-24

July-24

August-24

Sep-24*

Oct-24*

ALL COMMODITIES

100.00

153.5

154.0

155.3

154.4

154.6

156.1

I. PRIMARY ARTICLES

22.62

188.1

192.3

197.8

195.1

195.7

200.3

A. Food Articles

15.26

199.3

205.5

213.1

209.0

210.9

218.0

Cereals

2.82

199.6

201.5

203.0

204.6

206.0

208.8

Paddy

1.43

197.7

199.4

201.1

202.0

202.1

204.4

Wheat

1.03

196.5

199.0

200.2

202.2

205.2

209.6

Pulses

0.64

223.9

229.3

230.8

233.7

237.5

235.5

Vegetables

1.87

236.4

283.4

347.0

303.3

310.4

361.3

Potato

0.28

311.7

343.7

397.7

393.6

378.0

374.8

Onion

0.16

205.4

279.2

347.9

391.2

486.2

478.2

Fruits

1.60

202.5

200.9

196.2

207.7

209.3

210.4

Milk

4.44

184.0

185.5

186.0

185.9

185.7

185.6

Eggs, Meat & Fish

2.40

178.4

174.5

173.7

173.1

172.8

171.0

B. Non-Food Articles

4.12

156.5

157.3

158.9

160.2

161.9

161.3

Oil Seeds

1.12

179.2

180.0

180.2

178.6

183.6

185.5

C. Minerals

0.83

227.1

229.6

226.6

227.6

227.6

223.8

D. Crude Petroleum & Natural gas

2.41

156.9

156.0

157.9

155.0

146.1

146.7

Crude Petroleum

1.95

132.4

133.2

136.6

131.6

123.5

125.4

II. FUEL & POWER

13.15

150.1

146.9

148.2

148.3

146.9

146.5

LPG

0.64

120.0

115.7

113.8

114.4

116.8

119.8

Petrol

1.60

157.8

153.8

155.0

153.9

151.1

149.9

HSD

3.10

167.7

166.0

167.4

166.7

165.1

164.2

III. MANUFACTURED PRODUCTS

64.23

142.0

142.0

141.7

141.3

141.8

142.5

Mf/o Food Products

9.12

164.5

165.9

166.1

166.5

169.2

173.3

Vegetable & Animal Oils and Fats

2.64

147.6

148.4

149.3

150.5

157.7

169.9

Mf/o Beverages

0.91

133.2

133.4

133.5

134.0

133.9

134.5

Mf/o Tobacco Products

0.51

174.3

176.2

176.7

176.0

176.9

176.1

Mf/o Textiles

4.88

135.7

136.4

136.8

135.9

135.8

135.9

Mf/o Wearing Apparel

0.81

152.0

152.3

152.2

152.9

153.5

153.9

Mf/o Leather and Related Products

0.54

124.0

124.6

124.4

124.9

125.1

125.2

Mf/o Wood and of Products of Wood and Cork

0.77

149.5

149.5

149.4

149.5

148.8

148.9

Mf/o Paper and Paper Products

1.11

138.1

138.4

138.5

139.8

139.4

139.9

Mf/o Chemicals and Chemical Products

6.47

135.8

136.4

136.7

136.7

136.4

136.3

Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

1.99

144.0

144.0

144.7

144.8

144.8

143.5

Mf/o Rubber and Plastics Products

2.30

128.3

128.8

129.1

129.1

129.0

129.2

Mf/o other Non-Metallic Mineral Products

3.20

132.3

130.7

130.0

129.8

130.4

130.1

Cement, Lime and Plaster

1.64

132.8

130.3

128.7

127.7

128.4

128.3

Mf/o Basic Metals

9.65

144.7

143.3

140.8

138.3

138.5

139.0

Mild Steel - Semi Finished Steel

1.27

122.0

121.7

118.7

114.4

117.0

114.8

Mf/o Fabricated Metal Products, Except Machinery and Equipment

3.15

136.4

136.1

136.3

136.6

136.4

135.3

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

***

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