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).

Producer Prices Change in India averaged 6.88 percent from 1969 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Office of the Economic Advisor, India

Producer Prices Change in India is expected to be 0.90 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 2.50 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 4.50 percent in 2021, according to our econometric models.

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India Wholesale Price Index Change

Actual Previous Highest Lowest Dates Unit Frequency
0.16 -0.58 34.68 -11.31 1969 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-14 06:30 AM WPI Fuel YoY Aug -9.68% -9.84%
2020-09-14 06:30 AM WPI Manufacturing YoY Aug 1.27% 0.51%
2020-09-14 06:30 AM WPI Food YoY Aug 3.84% 4.08%
2020-09-14 06:30 AM WPI Inflation YoY Aug 0.16% -0.58% -0.27% -0.3%
2020-10-14 06:30 AM WPI Inflation YoY Sep 0.16% 0.78% 0.9%
2020-11-13 06:30 AM WPI Inflation YoY Oct
2020-12-14 06:30 AM WPI Inflation YoY Nov


News Stream
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).
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).
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).
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.
2020-06-15

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). .