Wholesale prices in India rose by 2.93 percent year-on-year in February 2019, accelerating from a 2.76 percent rise in the prior month. The latest reading was above market estimates of 2.88 percent, mainly driven by a faster rise in cost of food and fuel. On a monthly basis, wholesale prices went up by 0.3 percent in February, following a 0.7 percent decrease in January. Producer Prices Change in India averaged 7.05 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 3.90 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 5.10 percent in 2020, according to our econometric models.