News

India Wholesale Prices Rise the Least in 4 Months
India's wholesale prices rose by 1.22 percent year-on-year in December 2020, slowing from a 1.55 percent gain in the prior month and compared with market consensus of 1.3 percent. This was the weakest rise in wholesale prices since August, amid a decline in prices of both food articles (-1.11 percent vs 3.94 percent in November), and fuel and power (-8.72 percent vs -9.87 percent). In contrast, cost of manufactured products rose faster (4.24 percent vs 2.97 percent).
Published on 2021-01-14

India Wholesale Prices Rise Most in 9 Months
India's wholesale prices increased 1.55 percent from a year earlier in November 2020, the most since February and compared with market expectations of 1.62 percent, mainly boosted by an increase in cost of manufactured products (2.97 percent vs 2.12 percent in October). Meanwhile, food wholesale price inflation slowed (3.94 percent vs 6.37 percent), while prices of fuel and power fell (-9.87 percent vs -10.95 percent).
Published on 2020-12-14

India Wholesale Prices Rise the Most in 8 Months
India's wholesale prices increased 1.48 percent from a year earlier in October 2020, after a 1.32 percent growth in the previous month. It was the third straight annual increase in prices and the strongest since February, as food prices remained elevated (6.37 percent vs 8.17 percent in September). Also, cost advanced faster for manufactured products (2.12 percent vs 1.61 percent). Meanwhile, those of fuel and power continued to plunge (-10.95 percent vs -9.54 percent).
Published on 2020-11-16

India Wholesale Prices Rise the Most in 7 Months
India's wholesale prices increased 1.32 percent from a year earlier in September 2020, after a 0.16 percent gain in the previous month and beating market expectations of a 0.78 percent rise. It was the second straight annual increase in prices, and the strongest pace since February, as the economy recovers from the pandemic shock. Prices increased faster for both manufactured products (1.61 percent vs 1.27 percent in August) and food articles (8.17 percent vs 3.84 percent), while fuel and power cost fell less (-9.54 percent vs -9.68 percent).
Published on 2020-10-14

India Wholesale Prices Rise for 1st Time in 5 Months
India's wholesale prices increased 0.16 percent from a year earlier in August 2020, after a 0.58 percent fall in the previous month and compared to market expectations of a 0.27 percent drop. It was the first annual increase in prices since March, as the economy recovers from the pandemic shock. Prices increased for manufactured products (1.27 percent vs 0.51 percent in July) and food articles (3.84 percent vs 4.08 percent), while fuel and power cost continued to fall (-9.68 percent vs -9.84 percent).
Published on 2020-09-14

India Wholesale Price Deflation Eases in July
India's wholesale prices dropped 0.58 percent from a year earlier in July 2020, easing from a 1.81 percent decline in the previous month and compared to market expectations of a 1 percent fall. Cost for fuel and power was down 9.84 percent, softer than a 13.6 percent slump in June. At the same time, prices rose at a faster pace for food articles (4.08 percent vs 2.04 percent) and manufactured products (0.51 percent vs 0.08 percent).
Published on 2020-08-14

India Wholesale Prices Fall Less than Forecast
Wholesale prices in India declined by 1.81 percent year-on-year in June 2020, compared with market expectations of a 2.4 percent fall and easing from a 3.21 percent drop a month earlier, as the cost of fuel and power decreased at a slower rate (-13.60 percent vs -19.83 percent in May). Meantime, food inflation picked up to 2.04 percent from 1.13 percent, led by potatoes (56.20 percent vs 52.25 percent), milk (4.05 percent vs 5.44 percent), cereals (2.72 percent vs 1.97 percent), pulses (10.10 percent vs 11.91 percent) and eggs, meat & fish (4.45 percent vs 1.94 percent), while prices dropped for vegetables (-9.21 percent vs -12.48 percent) and onion (-15.27 percent vs 6.26 percent). In addition, manufacturing cost rebounded 0.08 percent, from a 0.42 percent decline in May led by manufactured food products (5.05 percent vs 4.46 percent) and despite decreases in chemicals (-2.69 percent vs -3.92 percent), (-4.42 percent vs -5.84 percent) and textiles (-3.77 percent vs -2.76 percent).
Published on 2020-07-14

India Wholesale Prices Fall More than Expected
Wholesale prices in India declined by 3.1 percent year-on-year in May 2020 and compared with market estimates of a 1.05 percent fall. This was the steepest drop in wholesale prices since November of 2015, amid strict public health measures to contain the spread of coronavirus outbreak. Food prices rose 1.13 percent in May, slowing from a 2.55 percent gain in April, pushed down by onion (6.26 percent vs 73.52 percent), potatoes (52.25 percent vs 59.40 percent), and vegetables (-12.48 percent vs 2.22 percent). At the same time, the cost of fuel and power plunged much faster (-19.83 percent vs -10.12 percent), due to falling crude oil prices. Also, manufacturing cost fell 0.42 percent, mainly due to chemicals and chemical products (-3.92 percent), textiles (-2.76 percent), and paper and paper products (-1.71 percent). In April, wholesale prices could not be computed due to the nonavailability of manufactured product group index.
Published on 2020-06-15

India Wholesale Prices Unable to be Computed in April
Wholesale prices in India could not be computed for April 2020 due to non availability of manufactured product group index, the Office of Economic Adviser said in a statement. "In view of the preventive measures and announcement of nationwide lockdown to contain COVID-19 pandemic, the price collection of manufactured products through personal visits of price collectors was suspended with effect from March 19," it added. Meanwhile, wholesale food articles prices rose 2.55 percent, easing from 4.91 percent in March, of which onion (73.52 percent vs 112.31 percent), potato (59.40 percent vs 61.81 percent) and vegetables (2.22 percent vs 11.90 percent). At the same time, there were declines in fuel and power costs (-10.12 percent vs -1.76 percent).
Published on 2020-05-14

Indian Wholesale Inflation Rate at 4-Month Low of 1%
Wholesale prices in India increased 1.0 percent year-on-year in March 2020, following a 2.26 percent gain in the previous month and below market expectations of a 2.0 percent rise. It was the lowest wholesale inflation rate since November last year, as prices slowed for food (4.91 percent vs 7.79 percent in February), in particular onion (112.31 percent vs 162.3 percent), and vegetables (11.90 percent vs 29.97 percent); and manufacturing (0.34 percent vs 0.42 percent). In addition, fuel prices fell (-1.76 percent vs 3.38 percent). On a monthly basis, wholesale prices declined by 0.9 percent, after falling 0.6 percent in the prior month.
Published on 2020-04-15

India Wholesale Inflation Rate Eases to 3-Month Low in February
Wholesale prices in India rose 2.26 percent year-on-year in February 2020, following a 3.1 percent gain in the previous month and below market expectations of 2.65 percent. It was the lowest wholesale inflation rate since November last year, as prices slowed for food (7.79 percent vs 11.51 percent in January), in particular onion (162.3 percent vs 293.4 percent), and vegetables (29.97 percent vs 52.72 percent); and fuel (3.38 percent vs 3.42 percent). On the other hand, cost of manufacturing rose at a faster pace (0.42 percent vs 0.34 percent). On a monthly basis, wholesale prices declined by 0.6 percent, after rising 0.1 percent in the prior month.
Published on 2020-03-16

India Wholesale Inflation Rate Rises to 9-Month High
Wholesale prices in India rose 3.1 percent year-on-year in January 2020, following a 2.59 percent gain in the previous month and above market expectations of 2.92 percent. It was the highest wholesale inflation rate since April last year, driven by a rebound in cost of both manufacturing (0.34 percent vs -0.25 percent in December) and fuel (3.42 percent vs -1.46 percent). On the other hand, food prices slowed (11.51 percent vs 13.24 percent), in particular onion (293.4 percent vs 455.83 percent), and vegetables (52.72 percent vs 69.69 percent). On a monthly basis, wholesale prices increased 0.1 percent in January, easing from a 0.41 percent rise in December.
Published on 2020-02-14

India Wholesale Inflation Hits 7-Month High
Wholesale prices in India increased 2.59 percent year-on-year in December 2019, compared to a 0.58 percent advance in the previous month and market expectations of a 2.15 percent rise. That was the highest rate since May, as food inflation accelerated to 13.24 percent from 11.08 percent in a month ago, led by a 455.83 percent jump in onion prices. Meanwhile, there were declines in prices of both fuel (-1.46 percent vs -7.32 percent) and manufactured products (-0.25 percent vs -0.84 percent). On a monthly basis, wholesale prices went up by 0.41 percent in December, after a 0.08 percent gain in November.
Published on 2020-01-14

India Wholesale Inflation at 3-Month High of 0.58%
Wholesale prices in India rose by 0.58 percent year-on-year in November of 2019, accelerating from a 0.16 percent gain in the previous month and compared with market expectations of a 0.74 percent rise. It was the highest wholesale inflation rate since August, amid a faster rise in cost of food namely vegetables, while fuel prices fell less. On a monthly basis, wholesale prices edged up by 0.08 percent in November, after a 0.7 percent gain in October.
Published on 2019-12-16

India Wholesale Inflation at Near 3-1/2-Year Low
Wholesale prices in India rose by 0.16 percent year-on-year in October of 2019, slowing from a 0.33 percent gain in the previous month and compared with market expectations of a flat reading. It was the lowest wholesale inflation rate since a decline in June 2016, as cost of both fuel and manufacturing continued to fall. On a monthly basis, wholesale prices rose by 0.7 percent in October, after a 0.1 percent fall in September.
Published on 2019-11-14

India Wholesale Inflation at Over 3-Year Low
Wholesale prices in India rose by 0.33 percent year-on-year in September 2019, following a 1.08 percent gain in the previous month and compared with market expectations of a 0.9 percent gain. It was the lowest wholesale inflation rate since a 0.09 percent fall in June 2016, as cost of food rose at a slower rate and there was a decline in prices of both manufactured products and fuel. On a monthly basis, wholesale prices went down by 0.08 percent in September.
Published on 2019-10-14

India Wholesale Inflation Unchanged at Over 2-Year Low
Wholesale prices in India rose by 1.08 percent year-on-year in August 2019, the same pace as in the previous month and compared with market expectations of a 1.04 percent gain. It remained the lowest wholesale inflation rate since June 2017, as cost of fuel continued to fall while food prices increased further. On a monthly basis, wholesale prices rose by 0.2 percent in August.
Published on 2019-09-16

India Wholesale Inflation Slows to Over 2-Year Low
Wholesale prices in India rose by 1.08 percent year-on-year in July 2019, slowing from a 2.02 percent gain in the previous month and missing market expectations of 1.93 percent. It was the lowest wholesale rate since June 2017, mainly due to a slowdown in manufacturing inflation and a decline in fuel prices.
Published on 2019-08-14

India Wholesale Inflation Slows to 2-Year Low
Wholesale prices in India rose by 2.02 percent year-on-year in June 2019, easing from a 2.45 percent gain in the previous month and below market expectations of 2.35 percent. It was the lowest wholesale inflation rate since July 2017, amid a slowdown in cost of manufactured products and a marked decline in fuel prices. On a monthly basis, wholesale prices increased by 0.2 percent in June, the same pace as in May.
Published on 2019-07-15

India Wholesale Inflation Slows to Near 2-Year Low
Wholesale prices in India rose by 2.45 percent year-on-year in May 2019, easing from a 3.07 percent gain in the previous month and below market expectations of 3.1 percent. It was the lowest wholesale inflation rate since July 2017, amid a slowdown in cost of food, fuel and manufactured products. On a monthly basis, wholesale prices increased by 0.2 percent in May, after a 0.8 percent gain in April.
Published on 2019-06-14