EMBARGO ADVISORY

This press release is embargoed against publication, telecast or circulation in any media till 12.00 noon today i.e. 14th November, 2023

GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE
OFFICE OF THE ECONOMIC ADVISER

New Delhi, Date: November 14th, 2023

PRESS RELEASE

Index Numbers of Wholesale Price in India for the Month of October, 2023 (Base Year: 2011-12)

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is (-) 0.52%
(Provisional) for the month of October, 2023 (over October, 2022) against (-) 0.26% recorded in
September, 2023. The negative rate of inflation in October, 2023 is primarily due to fall in prices of
chemicals and chemical products, electricity, textiles, basic metals, food products, paper and paper
products, etc. as compared to the corresponding month of previous year. 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 Weight Aug-23 (F) Sep-23 (P) Oct-23 (P)
Groups (%) Index Inflation Index Inflation Index Inflation
All Commodities 100.0 152.5 -0.46 151.5 -0.26 152.1 -0.52
I. Primary Articles 22.62 190.3 6.73 182.4 3.70 184.5 1.82
II. Fuel & Power 13.15 149.1 -6.34 153.1 -3.35 154.1 -2.47
III. Manufactured Products 64.23 139.9 -2.30 140.3 -1.34 140.3 -1.13
Food Index 24.38 187.1 6.19 177.8 1.54 179.6 1.07
Note: P: Provisional, *Annual rate of WPI inflation calculated over the corresponding month of previous year

2. The month-over-month change in WPI index for the month of October, 2023 stood at 0.40% as
compared to September, 2023. The monthly change in WPI index for last six-month is summarized below:

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

All Commodities/Major Groups Weight May-23 Jun-23 Jul-23 Aug-23 (F) Sep-23 (P) Oct-23 (P)
All Commodities 100.0 -1.13 -0.33 2.15 0.26 -0.66 0.40
I. Primary Articles 22.62 -1.52 0.57 8.86 -0.73 -4.15 1.15
II. Fuel & Power 13.15 -2.69 -1.62 -0.55 2.54 2.68 0.65
III. Manufactured Products 64.23 -0.57 -0.50 -0.29 0.29 0.29 0.00
Food Index 24.38 -0.63 1.27 7.77 -0.85 -4.97 1.01
Note: P: Provisional, #Monthly rate of change, based on month over month (M-o-M) WPI calculated over the preceding month

3. Month-over-Month Change in Major Groups of WPI:

i. Primary Articles (Weight 22.62%):- The index for this major group increased by 1.15%
to 184.5 (provisional) in October, 2023 from 182.4 (provisional) for the month of
September, 2023. Prices of Minerals (7.81%) and Food Articles (1.33%) increased in
October, 2023 as compared to September, 2023. Prices of Crude Petroleum & Natural
Gas (- 0.60%) and Non-food Articles (- 0.24%) declined in October, 2023 as compared to
September, 2023.

ii. Fuel & Power (Weight 13.15%):- The index for this major group increased by 0.65% to
154.1 (provisional) in October, 2023 from 153.1 (provisional) in the month of
September, 2023. Prices of Mineral Oils (1.28%) increased in October, 2023 as compared
 EMBARGO ADVISORY
This press release is embargoed against publication, telecast or circulation in any media till 12.00 noon today i.e. 14th November, 2023

to September, 2023. Prices of Electricity (-0.73%) declined in October, 2023 as compared

to September, 2023.

iii. Manufactured Products (Weight 64.23%):- The index for this major group remained
constant at 140.3 (provisional) in October, 2023 and September, 2023. Out of the 22 NIC
two-digit groups for manufactured products, 13 groups witnessed an increase in prices, 7
groups witnessed a decrease in prices whereas 2 groups remained unchanged. Some of the
important groups that showed month-over-month increase in prices are manufacture of
food products; chemicals and chemical products; motor vehicles trailers & semi-trailers;
textiles; other non-metallic mineral products, etc. Some of the groups that witnessed a
decrease in prices are manufacture of basic metals; fabricated metal products, except
machinery & equipment; rubber & plastic products; other transport equipment, etc. in
October, 2023 as compared to September, 2023.

4. 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 increased from
177.8 in September, 2023 to 179.6 in October 2023. The annual rate of inflation based on WPI Food
Index stood at 1.07 % in October 2023 as compared to 1.54 % in September 2023.

5. Final Index for the month of August, 2023 (Base Year: 2011-12=100): For the month of
August, 2023 the final Wholesale Price Index and inflation rate for 'All Commodities' stood at 152.5
and -0.46% 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.

6. Response Rate: The WPI for October, 2023 has been compiled at a weighted response rate of
85.9 per cent, while the final figure for August, 2023 is based on the weighted response rate of 94.0
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 .

7. Next date of Press Release: WPI for the month of November, 2023 would be released
on 14/12/2023.

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, 2023 (Provisional), August, 2023 (Final) and other
months/years. Provisional figures of WPI are finalised after 10 weeks (from the month of reference), and then frozen
thereafter.
 EMBARGO ADVISORY
This press release is embargoed against publication, telecast or circulation in any media till 12.00 noon today i.e. 14th November, 2023

Annex-I
All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for October, 2023
Latest month over Cumulative Inflation Rate of Inflation
Commodities/Major month (YoY) (YoY)
Index
Groups/Groups/Sub- Weight
(Oct-23)* Oct-22 over Oct-23 over Apr-Oct Apr-Oct
Groups/Items Oct-22 Oct-23*
Sep-22 Sep-23* 2022 2023
ALL COMMODITIES 100.00 152.1 0.66 0.40 13.38 -1.59 8.67 -0.52
I. PRIMARY ARTICLES 22.62 184.5 3.01 1.15 14.92 2.48 11.17 1.82
A. Food Articles 15.26 190.8 2.14 1.33 10.94 5.59 8.45 2.53
Cereals 2.82 193.3 0.73 0.94 9.96 7.51 12.09 7.51
Paddy 1.43 189.9 1.11 1.50 3.64 8.41 6.63 9.39
Wheat 1.03 194.1 1.93 0.41 13.61 6.52 16.25 4.75
Pulses 0.64 213.9 0.56 2.05 -0.33 11.17 0.45 19.43
Vegetables 1.87 220.7 12.11 4.15 31.93 3.76 17.44 -21.04
Potato 0.28 209.7 4.07 -1.55 41.36 -23.41 44.92 -29.27
Onion 0.16 333.5 17.74 23.47 -23.62 21.27 -30.02 62.60
Fruits 1.60 184.7 -1.36 -1.07 13.27 -2.67 0.29 6.27
Milk 4.44 179.9 0.73 0.11 5.73 8.31 5.98 7.92
Eggs, Meat & Fish 2.40 172.3 -2.04 3.55 5.38 1.33 3.97 2.68
B. Non-Food Articles 4.12 163.8 -1.31 -0.24 14.01 -6.09 8.00 -1.33
Oil Seeds 1.12 181.9 -3.62 -2.10 -2.56 -10.81 -5.36 -3.76
C. Minerals 0.83 220.8 5.98 7.81 8.81 6.83 10.13 12.20
D. Crude Petroleum & Natural gas 2.41 167.0 17.48 -0.60 62.06 -5.72 43.57 -2.17
Crude Petroleum 1.95 144.1 13.22 -2.90 54.63 -14.66 30.69 -4.95
II. FUEL & POWER 13.15 154.1 -0.25 0.65 39.21 -6.66 25.40 -2.47
LPG 0.64 116.8 -2.25 13.18 28.03 -17.83 4.82 -4.03
Petrol 1.60 161.8 -3.04 -0.92 51.19 -5.50 25.02 3.45
HSD 3.10 175.6 -3.88 0.69 68.30 -12.26 43.05 -6.79
III. MANUFACTURED
64.23 140.3 -0.21 0.00 8.15 -2.21 4.42 -1.13
PRODUCTS
Mf/o Food Products 9.12 161.0 0.24 0.50 6.53 -4.24 3.28 -1.65
Vegetable & Animal Oils and Fats 2.64 142.3 0.12 -0.70 3.34 -23.76 -7.47 -17.89
Mf/o Beverages 0.91 131.3 0.55 0.00 1.50 2.07 1.33 1.70
Mf/o Tobacco Products 0.51 174.2 -0.12 0.64 2.91 4.90 2.50 6.09
Mf/o Textiles 4.88 134.7 -1.38 0.37 11.54 -7.77 5.71 -5.47
Mf/o Wearing Apparel 0.81 151.6 -0.07 0.66 4.26 1.59 3.54 1.54
Mf/o Leather and Related Products 0.54 124.3 -0.97 -0.32 3.40 1.73 2.69 1.72
Mf/o Wood and of Products of
0.77 145.8 -0.35 0.55 2.53 1.09 1.06 2.03
Wood and Cork
Mf/o Paper and Paper Products 1.11 138.9 -0.91 0.07 15.63 -8.20 11.37 -9.10
Mf/o Chemicals and Chemical
6.47 136.3 0.21 0.07 12.97 -6.20 8.94 -6.84
Products
Mf/o Pharmaceuticals, Medicinal
1.99 143.0 0.64 0.07 3.75 1.84 3.82 1.27
Chemical and Botanical Products
Mf/o Rubber and Plastics Products 2.30 127.5 -0.23 -0.47 6.49 -2.34 1.97 -1.32
Mf/o other Non-Metallic Mineral
3.20 135.2 0.15 0.15 9.00 1.50 7.84 1.27
Products
Cement, Lime and Plaster 1.64 138.2 0.07 0.36 9.18 0.77 8.06 1.10
Mf/o Basic Metals 9.65 142.3 -0.68 -0.21 11.84 -6.04 1.18 -2.27
Mild Steel - Semi Finished Steel 1.27 120.3 -0.16 -1.23 10.61 -5.64 4.30 -4.60
Mf/o Fabricated Metal Products,
3.15 138.9 -1.01 -0.43 8.64 -0.15 5.19 0.87
Except Machinery and Equipment
Note: * = Provisional, Mf/o = Manufacture of
 EMBARGO ADVISORY
This press release is embargoed against publication, telecast or circulation in any media till 12.00 noon today i.e. 14th November, 2023

Annex-II
Commodities/Major Groups/Groups/Sub- WPI based inflation (YoY) figures for last 6 months
Weight
Groups/Items May-23 Jun-23 Jul-23 Aug-23 Sep-23* Oct-23*
ALL COMMODITIES 100.00 -3.61 -4.18 -1.23 -0.46 -0.26 -0.52
I. PRIMARY ARTICLES 22.62 -1.90 -2.98 8.24 6.73 3.70 1.82
A. Food Articles 15.26 1.63 1.32 15.09 11.43 3.35 2.53
Cereals 2.82 6.89 8.34 8.25 6.63 7.28 7.51
Paddy 1.43 7.33 7.67 9.03 9.18 8.97 9.39
Wheat 1.03 6.20 9.02 7.78 4.26 6.33 4.75
Pulses 0.64 5.82 9.21 9.59 10.39 17.69 19.43
Vegetables 1.87 -20.47 -21.56 67.59 48.44 -15.00 -21.04
Potato 0.28 -18.10 -21.15 -24.06 -24.02 -25.24 -29.27
Onion 0.16 -7.25 -4.31 6.84 34.12 55.05 62.60
Fruits 1.60 0.68 -2.04 -9.97 -12.88 5.96 6.27
Milk 4.44 8.18 8.59 8.21 8.52 8.58 7.92
Eggs, Meat & Fish 2.40 2.07 2.68 1.96 1.87 -2.86 2.68
B. Non-Food Articles 4.12 -9.51 -9.66 -5.76 -6.80 -2.38 -1.33
Oil Seeds 1.12 -15.60 -14.39 -9.75 -9.41 -5.25 -3.76
C. Minerals 0.83 2.19 0.53 8.95 6.53 10.29 12.20
D. Crude Petroleum & Natural gas 2.41 -13.66 -21.43 -13.66 -1.93 15.62 -2.17
Crude Petroleum 1.95 -27.01 -32.68 -22.83 -9.10 10.83 -4.95
II. FUEL & POWER 13.15 -9.17 -12.51 -12.73 -6.34 -3.35 -2.47
LPG 0.64 -24.35 -22.29 -20.69 -24.01 -17.11 -4.03
Petrol 1.60 -9.51 -16.32 -13.48 -2.13 1.24 3.45
HSD 3.10 -17.03 -18.59 -18.95 -11.71 -11.02 -6.79
III. MANUFACTURED PRODUCTS 64.23 -3.03 -2.78 -2.58 -2.30 -1.34 -1.13
Mf/o Food Products 9.12 -6.97 -6.04 -3.85 -3.54 -1.90 -1.65
Vegetable & Animal Oils and Fats 2.64 -29.92 -29.16 -22.39 -20.87 -17.22 -17.89
Mf/o Beverages 0.91 1.71 1.71 2.19 2.42 2.26 1.70
Mf/o Tobacco Products 0.51 4.32 5.91 4.40 5.12 5.29 6.09
Mf/o Textiles 4.88 -8.48 -9.71 -9.10 -8.46 -7.13 -5.47
Mf/o Wearing Apparel 0.81 2.25 2.04 1.62 0.87 0.80 1.54
Mf/o Leather and Related Products 0.54 1.73 1.80 2.03 1.78 1.05 1.72
Mf/o Wood and of Products of Wood and
0.77 2.33 2.25 0.84 0.56 1.12 2.03
Cork
Mf/o Paper and Paper Products 1.11 -6.59 -7.83 -9.65 -10.03 -9.99 -9.10
Mf/o Chemicals and Chemical Products 6.47 -5.03 -7.01 -7.58 -7.03 -6.71 -6.84
Mf/o Pharmaceuticals, Medicinal Chemical
1.99 2.73 2.58 1.29 0.85 1.85 1.27
and Botanical Products
Mf/o Rubber and Plastics Products 2.30 -3.33 -3.20 -3.13 -1.78 -1.08 -1.32
Mf/o other Non-Metallic Mineral Products 3.20 2.12 0.52 0.67 1.12 1.28 1.27
Cement, Lime and Plaster 1.64 0.88 -1.15 0.00 0.29 0.81 1.10
Mf/o Basic Metals 9.65 -9.23 -5.60 -6.36 -5.57 -2.73 -2.27
Mild Steel - Semi Finished Steel 1.27 -8.18 -4.40 -4.75 -4.96 -3.56 -4.60
Mf/o Fabricated Metal Products, Except
3.15 -0.64 -0.50 -0.79 -0.79 0.29 0.87
Machinery and Equipment
Note: * = Provisional, Mf/o = Manufacture of
 EMBARGO ADVISORY
This press release is embargoed against publication, telecast or circulation in any media till 12.00 noon today i.e. 14th November, 2023

Annex-III
Commodities/Major Groups/Groups/Sub- WPI Numbers for last 6 months
Weight
Groups/Items May-23 Jun-23 Jul-23 Aug-23 Sep-23* Oct-23*
ALL COMMODITIES 100.00 149.4 148.9 152.1 152.5 151.5 152.1
I. PRIMARY ARTICLES 22.62 175.1 176.1 191.7 190.3 182.4 184.5
A. Food Articles 15.26 181.3 184.9 205.9 202.8 188.3 190.8
Cereals 2.82 183.1 184.5 186.3 188.3 191.5 193.3
Paddy 1.43 177.2 178.2 181.2 184.3 187.1 189.9
Wheat 1.03 184.9 187.3 187.1 188.3 193.3 194.1
Pulses 0.64 183.6 188.5 191.9 197.6 209.6 213.9
Vegetables 1.87 178.3 203.8 379.6 336.8 211.9 220.7
Potato 0.28 190.0 204.3 221.3 221.4 213.0 209.7
Onion 0.16 129.2 144.4 184.3 233.9 270.1 333.5
Fruits 1.60 191.2 182.4 169.7 177.9 186.7 184.7
Milk 4.44 177.3 178.3 177.9 179.6 179.7 179.9
Eggs, Meat & Fish 2.40 177.2 180.0 176.5 174.4 166.4 172.3
B. Non-Food Articles 4.12 162.8 158.9 161.9 163.2 164.2 163.8
Oil Seeds 1.12 188.8 186.2 187.8 187.8 185.8 181.9
C. Minerals 0.83 214.8 207.4 215.4 205.5 204.8 220.8
D. Crude Petroleum & Natural gas 2.41 142.9 138.6 144.7 152.3 168.0 167.0
Crude Petroleum 1.95 119.2 116.8 125.1 132.9 148.4 144.1
II. FUEL & POWER 13.15 148.6 146.2 145.4 149.1 153.1 154.1
LPG 0.64 117.1 114.0 107.3 100.0 103.2 116.8
Petrol 1.60 157.0 155.9 156.0 160.7 163.3 161.8
HSD 3.10 169.5 169.0 170.2 171.9 174.4 175.6
III. MANUFACTURED PRODUCTS 64.23 140.6 139.9 139.5 139.9 140.3 140.3
Mf/o Food Products 9.12 158.9 158.8 159.9 160.8 160.2 161.0
Vegetable & Animal Oils and Fats 2.64 149.7 145.0 147.7 147.5 143.3 142.3
Mf/o Beverages 0.91 130.6 130.7 130.8 131.4 131.3 131.3
Mf/o Tobacco Products 0.51 171.4 173.7 173.2 172.6 173.1 174.2
Mf/o Textiles 4.88 135.9 134.8 133.9 134.1 134.2 134.7
Mf/o Wearing Apparel 0.81 150.0 149.7 150.2 150.6 150.6 151.6
Mf/o Leather and Related Products 0.54 123.5 124.7 125.7 125.5 124.7 124.3
Mf/o Wood and of Products of Wood and Cork 0.77 145.0 145.2 144.4 144.9 145.0 145.8
Mf/o Paper and Paper Products 1.11 146.0 143.6 139.5 139.0 138.8 138.9
Mf/o Chemicals and Chemical Products 6.47 139.6 137.9 136.6 136.3 136.2 136.3
Mf/o Pharmaceuticals, Medicinal Chemical and
1.99 142.9 143.4 141.8 141.8 142.9 143.0
Botanical Products
Mf/o Rubber and Plastics Products 2.30 127.6 127.1 127.0 127.1 128.1 127.5
Mf/o other Non-Metallic Mineral Products 3.20 134.7 134.7 134.6 135.0 135.0 135.2
Cement, Lime and Plaster 1.64 137.3 137.4 137.4 137.5 137.7 138.2
Mf/o Basic Metals 9.65 143.6 141.6 139.9 140.6 142.6 142.3
Mild Steel - Semi Finished Steel 1.27 122.4 121.8 122.2 120.7 121.8 120.3
Mf/o Fabricated Metal Products, Except 3.15 139.7 139.3 138.3 138.9 139.5 138.9
Machinery and Equipment
Note: * = Provisional, Mf/o = Manufacture of