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. Producer Prices Change in India averaged 7 percent from 1969 until 2019, 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 2.50 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 3.20 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 5.10 percent in 2020, according to our econometric models.