India WPI Rises the Least in 4 Months

Indian wholesale prices rose 3.39 percent year-on-year in October of 2016, following a 3.57 percent gain in September while markets expected a 3.75 percent rise. It was the seventh straight month of increase but the lowest figure since June, as a slowdown in prices of food offset a faster rise in cost of manufactured products and petrol.

In October, food prices went up 4.34 percent from a year earlier, following a 5.75 percent  rise in the preceding month. Among food prices, potatoes recorded the highest rise (+60.58 percent), followed by pulses (+21.80 percent), fruits (+6.45 percent), wheat (+6.30 percent); egg, meat & fish (6.20 percent), cereals (+6.13 percent), rice (+4.57 percent) and milk (+4.19 percent). In contrast, prices declined for: onion (-65.97 percent) and vegetables (-9.97 percent).
Cost of manufactured products increased by 2.67 percent, compared to a 2.48 percent rise in the previous month.

Petrol prices went up 3.57 percent year-on-year, following a 1.25 percent gain in September. Cost of diesel also increased by 19.32 percent, as compared to a 19.08 percent rise in a month earlier.

On a monthly basis, wholesale prices increased 0.1 percent, following a 0.2 percent drop in a month earlier.

India WPI Rises the Least in 4 Months

Office of the Economic Adviser l Rida Husna |
11/15/2016 2:54:45 PM