India WPI Rises Less than Expected in December



Wholesale prices in India rose by 3.58 percent year-on-year in December of 2017, following a 3.93 percent increase in the prior month. The figure came below market estimates of a 4 percent gain, mainly due to a slowdown in cost of food.

In December, cost of primary articles increased at a slower 3.86 percent (from 5.28 percent in November), mainly due to a 4.72 percent rise in cost of food (from 6.06 percent in a month earlier), namely vegetables (56.46 percent, compared to 59.80 percent). Meantime, cost of manufactured products rose 2.61 percent, the same as in the prior month, while cost of fuel and power went up 9.16 percet (after a 8.82 percent in the previous month). 

On a monthly basis, wholesale prices fell by 0.5 percent, after a 0.7 percent rise in a month earlier. 

India WPI Rises Less than Expected in December


Office of the Economic Adviser l Rida Husna | rida@tradingeconomics.com
1/15/2018 7:06:53 AM