Wholesale prices in India rose by 3.8 percent year-on-year in December 2018, slowing from a 4.64 percent gain in the prior month and below than market estimates of 4.42 percent. It was the lowest wholesale inflation since April, as cost increased at a softer pace for fuel and manufactured products while prices of food declined further. On a monthly basis, wholesale prices decreased by 1.40 percent, following a 0.1 percent rise in November. Producer Prices Change in India averaged 7.06 percent from 1969 until 2018, reaching an all time high of 34.68 percent in September of 1974 and a record low of -11.31 percent in May of 1976.
Producer Prices Change in India is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in India to stand at 5.00 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 5.90 percent in 2020, according to our econometric models.