From the first part,
India uses 435 commodities for its WPI based inflation calculation. On a broader level, the 435 commodities are grouped into,
1. Primary Articles
2. Fuel, Power, Light & Lubricants
3. Manufactured Products
This post covers the first of the main groups, Primary Articles, which has a group weightage of 22.02525%. Primary Articles are further classified in various sub-groups and sub-sub-groups as shown below.
Primary Articles
- Food Articles
- Food Grains (Cereals & Pulses)
- Cereals
- Pulses
- Fruits & Vegetables
- Vegetables
- Fruits
- Milk
- Eggs, Meat & Fishes
- Condiments & Spices
- Other Food Articles
- Non-Food Articles
- Fibers
- Oil Seeds
- Other Non-Food Articles
- Minerals
- Metallic Minerals
- Other Minerals
In the next part, we will cover Fuel, Power, Light & Lubricants, its sub classifications, individual commodities and their weightages. Do visit again.
Series
- Commodities and their weightages in WPI calculation of India, Part I
- Commodities and their weightages in WPI calculation of India, Part II
- Commodities and their weightages in WPI calculation of India, Part III
Resources
- Office of the Economic Adviser, Ministry of Commerce and Industry, Govt. of India
Related Articles
- How is WPI inflation rate calculated in India?
- Inflation rates of India
- Base year and number of commodities used for inflation calculation in India
- The magic of Inflation
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