India Wholesale Inflation at 6-Month Low of 2.84%



Wholesale prices in India rose by 2.84 percent year-on-year in January of 2018, after a 3.58 percent increase in the prior month and below market estimates of a 3.25 percent gain. It was the lowest wholesale inflation since July 2017, mainly due to softer rises in cost of food and fuel.

In January, cost of primary articles increased at a slower 2.37 percent (from 3.86 percent in December), mainly due to a 3.0 percent rise in cost of food (from 4.72 percent in a month earlier), namely vegetables (40.77 percent, compared to 56.46 percent). Meantime, cost of manufactured products rose 2.78 percent, following a 2.61 percent in the prior month, while cost of fuel and power went up 4.08 percet (after a 9.16 percent). 

On a monthly basis, wholesale prices increased by 0.1 percent, after a 0.5 percent fall in December 2017. 

India Wholesale Inflation at 6-Month Low of 2.84%


Rida | rida@tradingeconomics.com
2/15/2018 7:36:57 AM