Wholesale prices in India rose by 5.28 percent year-on-year in October of 2018, after a 5.13 percent gain in the prior month and above market estimates of 5 percent. It is the highest wholesale inflation since June, as cost advanced faster for manufactured products and fuel. On a monthly basis, wholesale prices rose 0.7 percent, the same as in September. Producer Prices Change in India averaged 7.07 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.

India Wholesale Price Index Change
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India Wholesale Inflation at 4-Month High of 5.28%


Wholesale prices in India rose by 5.28 percent year-on-year in October 2018, after a 5.13 percent gain in the prior month and above market estimates of 5 percent. It was the highest wholesale inflation since June, as cost advanced faster for fuel and manufactured products.

In October, cost went up at a faster rate for fuel & power (18.44 percent vs 16.65 percent) and manufactured products (4.49 percent vs 4.22 percent in September), amid higher prices of basic metals (13.80 percent vs 12.78 percent), food products (1.01 percent vs 0.78 percent), chemical & chemical products (7.60 percent vs 7.19 percent) and textiles (5.59 percent vs 5.04 percent). 

Contrarily, prices of primary articles slowed to 1.79 percent (from a 2.97 percent rise in a month earlier), as cost of food dropped further (-1.49 percent vs -0.21 percent), namely eggs, meat & fish (-0.59 percent vs -0.52 percent), vegetables (-18.65 percent vs -3.83 percent) and onion (-31.69 percent vs -25.23 percent).

On a monthly basis, wholesale prices rose 0.7 percent, the same as in September.


Office of the Economic Adviser l Rida | rida@tradingeconomics.com
11/14/2018 12:11:30 PM


Recent Releases

India Wholesale Inflation Rises More than Expected
Wholesale prices in India rose by 5.13 percent year-on-year in September of 2018, after a 4.53 percent gain in the prior month and above market estimates of 4.9 percent. Cost of manufacturing products and fuel continued to rise while prices of food fell much less.
Published on 2018-10-15

India August Wholesale Inflation Slows to 4-Month Low
Wholesale prices in India rose by 4.53 percent year-on-year in August of 2018, after a 5.09 percent gain in the prior month and below market estimates of 4.65 percent. It is the lowest wholesale inflation since April, as cost of fuel increased at a softer pace while prices of food declined further.
Published on 2018-09-14

India July Wholesale Inflation Slows to 5.09%
Wholesale prices in India rose by 5.09 percent year-on-year in July of 2018, after a 5.77 percent gain in the prior month. Figure came in below market estimates of 5.24 percent, as prices of of food fell sharply while cost of manufactured products and fuel went up faster.
Published on 2018-08-14

India June Wholesale Inflation at 15-Month High of 5.77%
Wholesale prices in India rose by 5.77 percent year-on-year in June of 2018, after a 4.43 percent gain in the prior month and above market estimates of 4.93 percent. It is the highest wholesale inflation since March 2017, due to faster rises in cost of food, manufactured products, and fuel.
Published on 2018-07-16



Calendar GMT Actual Previous Consensus TEForecast
2018-11-14 06:30 AM WPI Food YoY -1.49% -0.21%
2018-11-14 06:30 AM WPI Manufacturing YoY 4.49% 4.22%
2018-11-14 06:30 AM WPI Fuel YoY 18.44% 16.65%
2018-12-14 06:30 AM WPI Inflation YoY 5.28% 4.5%
2018-12-14 06:30 AM WPI Food YoY -1.49%
2018-12-14 06:30 AM WPI Fuel YoY 18.44%


India Prices Last Previous Highest Lowest Unit
Inflation Rate 3.31 3.70 12.17 1.54 percent [+]
Consumer Price Index CPI 140.60 140.20 140.60 86.81 Index Points [+]
GDP Deflator 128.80 125.10 146.50 100.00 Index Points [+]
Producer Prices 121.70 120.80 121.70 62.44 Index Points [+]
Producer Prices Change 5.28 5.13 34.68 -11.31 percent [+]
Export Prices 376.00 372.00 376.00 100.00 Index Points [+]
Import Prices 513.00 523.00 523.00 100.00 Index Points [+]
Food Inflation -0.86 0.51 14.72 -2.12 percent [+]
Inflation Rate Mom 0.29 -0.14 2.25 -1.55 percent [+]
Cpi Housing Utilities 146.30 145.30 146.30 100.30 Index Points [+]
CPI Transportation 126.90 125.90 126.90 103.20 Index Points [+]


India Wholesale Price Index Change

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Fuel and Power (13.2 percent), Primary Articles (22.6 percent of total weight) and Manufactured Products (654.2 percent). Food Articles from the Primary Articles Group account for 15.2 percent of the total weight. The most important components of the Manufactured Products Group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). . This page provides the latest reported value for - India Wholesale Price Index Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Wholesale Price Index Change - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.28 5.13 34.68 -11.31 1969 - 2018 percent Monthly




Country Last
Argentina 77.80 Sep/18
Australia 2.10 Sep/18
Brazil 13.70 Sep/18
Canada 6.20 Sep/18
China 3.30 Oct/18
Euro Area 4.50 Sep/18
France 3.60 Sep/18
Germany 3.20 Sep/18
India 5.28 Oct/18
Indonesia 7.30 Sep/18
Italy 4.70 Sep/18
Japan 2.90 Oct/18
Mexico 6.26 Oct/18
Netherlands 4.61 Sep/18
Russia 14.40 Sep/18
Saudi Arabia 15.80 Sep/18
Singapore 12.10 Sep/18
South Africa 6.20 Sep/18
South Korea 2.70 Sep/18
Spain 5.20 Sep/18
Switzerland 2.30 Oct/18
Turkey 45.01 Oct/18
United Kingdom 3.30 Oct/18
United States 2.90 Oct/18


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