Page 205 - economic_survey_2021-2022

Prices and Inflation 179

inflation of 27.3 per cent in 2021-22 (April-December). Within manufactured food products,
edible oils were a major contributor. During 2021-22 (April to December), edible oils inflation
in WPI was 36.4 per cent. As mentioned earlier, the high import dependence on edible oils has
meant that high international prices in these products are also reflected in the domestic prices.
Inflation in manufacture of textiles also remained high at 15.3 per cent during this period pushed
up by the rise in the prices of textile fibres.

Figure 15: Trend in WPI – All commodities, Food and Non-food manufactured products inflation
20
All commodities Food Non-food manufactured
15
Inflation Rate (yoy) (per cent) 5 0
10

-5

-10
Apr-14 Aug-14 Dec-14 Apr-15 Aug-15 Dec-15 Apr-16 Aug-16 Dec-16 Apr-17 Aug-17 Dec-17 Apr-18 Aug-18 Dec-18 Apr-19 Aug-19 Dec-19 Apr-20 Aug-20 Dec-20 Apr-21 Aug-21 Dec-21

Source: Office of Economic Adviser, DPIIT

Table 3: Inflation in selected groups of WPI- Base 2011-12 (in per cent)
Weight 2019- 2020- 2020- 2021- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec-
20 21 21^ 22# 21 21 21 21 21 21 21 21(P) 21(P)
All 100 1.7 1.3 0.0 12.5 10.7 13.1 12.1 11.6 11.6 11.8 13.8 14.2 13.6
Commodities
Primary Articles 22.6 6.8 1.7 1.3 8.6 9.9 9.4 8.6 6.3 5.9 6.0 7.4 10.3 13.4
Food articles 15.3 8.4 3.2 4.0 2.5 4.6 4.2 3.3 0.1 -0.8 -2.6 1.0 4.9 9.6
Cereals 2.8 7.5 -2.6 -1.4 0.1 -3.1 -2.6 -2.8 -2.9 -1.1 1.3 3.2 4.0 5.1
Pulses 0.6 15.9 11.6 12.1 8.1 10.7 12.1 11.6 8.4 9.5 9.3 5.0 2.9 3.9
Vegetables 1.9 31.1 3.4 7.6 -6.6 -9.0 -7.2 -0.8 -8.3 -12.6 -32.3 -17.4 3.9 31.6
Non-Food 4.1 4.6 1.3 -0.4 20.4 15.6 18.4 18.6 22.9 28.7 29.5 18.4 13.8 19.0
Articles
Minerals 0.8 13.2 6.8 3.5 15.3 20.6 13.3 15.3 12.6 7.2 30.8 16.6 20.9 3.8

Crude 2.4 -7.6 -17.4 -25.2 57.9 80.8 59.5 47.0 42.3 34.5 49.0 86.4 76.6 55.7
Petroleum &
Natural Gas
Fuel & power 13.2 -1.8 -8.0 -11.6 31.4 21.3 36.7 29.3 27.0 28.2 29.5 38.6 39.8 32.3
Manufactured 64.2 0.3 2.8 1.5 11.3 9.4 11.3 11.0 11.5 11.6 11.6 12.9 11.9 10.6
Products
Food products 9.1 4.1 5.6 5.0 12.5 13.1 15.6 13.3 13.1 12.7 12.9 12.8 10.3 8.7
Edible oils 2.6 1.5 20.3 17.5 36.4 44.5 51.9 43.6 42.7 40.7 37.4 33.2 23.2 16.8
Food Index 24.4 6.9 4.0 4.3 5.9 7.5 8.2 6.7 4.5 3.8 2.6 4.3 6.7 9.2
Non-Food 55.1 -0.4 2.2 0.8 11.1 8.7 10.4 10.5 11.1 11.3 11.3 12.9 12.3 11.0
manufactured
products (Core)
Source: Office of the Economic Adviser, DPIIT P: Provisional
^April to December 2020; #April to December 2021